REI Lense

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$2,994 (target)

74 Stephen Eaton Lane, Wells, ME 04090

3 beds • 2 baths • 1504 sqft

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This property looks like a bad Long-Term investment with a projected -11.17% first-year return on $116k initial cash invested.

-11.17%

Cash On Cash

4.21%

Cap Rate

0.68

DSCR

$2,994

Rent

-$1,075

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,994 income − $4,069 expenses = $1,075 out of pocket

Income$2,994Out of Pocket$1,075Mortgage P&I$2,85495%Property Taxes$2448%Insurance$1926%Management$29910%CapEx$1505%Vacancy$1806%Maintenance$1505%

Investment Breakdown

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Purchase Price

$550k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$116k

Downpayment

20%

$110k

Closing costs

1%

$5,500

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,994

Total Expenses

$4,069

Mortgage P&I

95%

$2,854

Property Taxes

8%

$244

Home Insurance

6%

$192

HOA

0%

$0

Property Management

10%

$299

CapEx

5%

$150

Vacancy

6%

$180

Maintenance

5%

$150

Other

0%

$0

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