REI Lense

REI Lense

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$2,618 (target)

717 Melton Dr, Jonesboro, AR 72401

3 beds • 3 baths • 2800 sqft

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This property might be a fair Long-Term investment with a projected 1.93% first-year return on $65,163 initial cash invested.

1.93%

Cash On Cash

7.1%

Cap Rate

1.15

DSCR

$2,618

Rent

$105

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,618 income − $2,513 expenses = $105 cash flow

Income$2,618Mortgage P&I$1,60061%Property Taxes$1164%Insurance$1164%Management$26210%CapEx$1315%Vacancy$1576%Maintenance$1315%Cash Flow$105

Investment Breakdown

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Purchase Price

$310k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$65,163

Downpayment

20%

$62,060

Closing costs

1%

$3,103

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,618

Total Expenses

$2,513

Mortgage P&I

61%

$1,600

Property Taxes

4%

$116

Home Insurance

4%

$116

HOA

0%

$0

Property Management

10%

$262

CapEx

5%

$131

Vacancy

6%

$157

Maintenance

5%

$131

Other

0%

$0

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