REI Lense

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$1,832 (target)

714 E 6th St, Concordia, KS 66901

3 beds • 2 baths • 1480 sqft

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This property might be a fair Mid-Term investment with a projected 8% first-year return on $44,250 initial cash invested.

8%

Cash On Cash

9.87%

Cap Rate

1.56

DSCR

$1,832

Rent

$295

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,832 income − $1,537 expenses = $295 cash flow

Income$1,832Mortgage P&I$66036%Property Taxes$21011%Insurance$442%Management$22012%CapEx$734%Vacancy$553%Maintenance$734%Other$20211%Cash Flow$295

Investment Breakdown

|

Purchase Price

$125k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$44,250

Downpayment

20%

$25,000

Closing costs

1%

$1,250

Rehab

0%

$0

Furnishing

14%

$18,000

Cashflow

Total Income

$1,832

Total Expenses

$1,537

Mortgage P&I

36%

$660

Property Taxes

11%

$210

Home Insurance

2%

$44

HOA

0%

$0

Property Management

12%

$220

CapEx

4%

$73

Vacancy

3%

$55

Maintenance

4%

$73

Other

11%

$202

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