REI Lense

REI Lense

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$1,648 (target)

607 N Wheatland Ave, Wichita, KS 67235

3 beds • 2 baths • 2596 sqft

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This property looks like a bad Long-Term investment with a projected -15.04% first-year return on $69,090 initial cash invested.

-15.04%

Cash On Cash

3.3%

Cap Rate

0.54

DSCR

$1,648

Rent

-$866

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,648 income − $2,514 expenses = $866 out of pocket

Income$1,648Out of Pocket$866Mortgage P&I$1,688102%Property Taxes$27817%Insurance$1157%HOA$5Management$16510%CapEx$825%Vacancy$996%Maintenance$825%

Investment Breakdown

|

Purchase Price

$329k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$69,090

Downpayment

20%

$65,800

Closing costs

1%

$3,290

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,648

Total Expenses

$2,514

Mortgage P&I

102%

$1,688

Property Taxes

17%

$278

Home Insurance

7%

$115

HOA

0%

$5

Property Management

10%

$165

CapEx

5%

$82

Vacancy

6%

$99

Maintenance

5%

$82

Other

0%

$0

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