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$2,992 (target)

604 Goldspike Ct, Newton, KS 67114

3 beds • 3 baths • 1945 sqft

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This property looks like a bad Mid-Term investment with a projected -5.94% first-year return on $91,500 initial cash invested.

-5.94%

Cash On Cash

4.85%

Cap Rate

0.81

DSCR

$2,992

Rent

-$453

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,992 income − $3,445 expenses = $453 out of pocket

Income$2,992Out of Pocket$453Mortgage P&I$1,74858%Property Taxes$51917%Insurance$1224%HOA$381%Management$35912%CapEx$1204%Vacancy$903%Maintenance$1204%Other$32911%

Investment Breakdown

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Purchase Price

$350k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$91,500

Downpayment

20%

$70,000

Closing costs

1%

$3,500

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,992

Total Expenses

$3,445

Mortgage P&I

58%

$1,748

Property Taxes

17%

$519

Home Insurance

4%

$122

HOA

1%

$38

Property Management

12%

$359

CapEx

4%

$120

Vacancy

3%

$90

Maintenance

4%

$120

Other

11%

$329

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