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6314 S Ray Ct, Spokane, WA 99223

4 beds • 3 baths • 3512 sqft

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This property looks like a bad Long-Term investment with a projected -15.62% first-year return on $126k initial cash invested.

-15.62%

Cash On Cash

3.13%

Cap Rate

0.51

DSCR

$2,890

Rent

-$1,640

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

Purchase Price

$600k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$126k

Downpayment

20%

$120k

Closing costs

1%

$6,000

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,890

Total Expenses

$4,530

Mortgage P&I

106%

$3,059

Property Taxes

18%

$511

Home Insurance

7%

$210

HOA

0%

$0

Property Management

10%

$289

CapEx

5%

$144

Vacancy

6%

$173

Maintenance

5%

$144

Other

0%

$0

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Comparable Property

Rent

Beds

Baths

SQFT

Distance

3404 E 58th Ct, Spokane, WA 99223

$2,499

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3

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0.3 mi

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3

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1 mi

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2

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1.3 mi

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2

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0.9 mi

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$2,850

5

4

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0.6 mi

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2

1

2020

0.9 mi

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$2,850

5

4

3030

0.6 mi

1255 S Forest Knoll St

$1,100

2

1

2020

0.9 mi

2022 S American St

$2,850

5

4

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0.6 mi

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