REI Lense

REI Lense

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$2,034 (target)

8 Shamrock Lane, Wells, ME 04090

3 beds • 3 baths • 1588 sqft

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This property looks like a bad Long-Term investment with a projected -22.6% first-year return on $151k initial cash invested.

-22.6%

Cash On Cash

1.77%

Cap Rate

0.28

DSCR

$2,034

Rent

-$2,850

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,034 income − $4,884 expenses = $2,850 out of pocket

Income$2,034Out of Pocket$2,850Mortgage P&I$3,810187%Property Taxes$28314%Insurance$26213%Management$20310%CapEx$1025%Vacancy$1226%Maintenance$1025%

Investment Breakdown

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Purchase Price

$721k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$151k

Downpayment

20%

$144k

Closing costs

1%

$7,205

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,034

Total Expenses

$4,884

Mortgage P&I

187%

$3,810

Property Taxes

14%

$283

Home Insurance

13%

$262

HOA

0%

$0

Property Management

10%

$203

CapEx

5%

$102

Vacancy

6%

$122

Maintenance

5%

$102

Other

0%

$0

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