REI Lense

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$3,113 (target)

61 Pelican Place NE, Moses Lake, WA 98837

3 beds • 3 baths • 3156 sqft

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This property looks like a bad Long-Term investment with a projected -9.48% first-year return on $110k initial cash invested.

-9.48%

Cash On Cash

4.85%

Cap Rate

0.75

DSCR

$3,113

Rent

-$866

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,113 income − $3,979 expenses = $866 out of pocket

Income$3,113Out of Pocket$866Mortgage P&I$2,82091%Property Taxes$1485%Insurance$1866%HOA$15Management$31110%CapEx$1565%Vacancy$1876%Maintenance$1565%

Investment Breakdown

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Purchase Price

$522k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$110k

Downpayment

20%

$104k

Closing costs

1%

$5,221

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,113

Total Expenses

$3,979

Mortgage P&I

91%

$2,820

Property Taxes

5%

$148

Home Insurance

6%

$186

HOA

0%

$15

Property Management

10%

$311

CapEx

5%

$156

Vacancy

6%

$187

Maintenance

5%

$156

Other

0%

$0

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