REI Lense

REI Lense

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$4,124 (target)

8 Spruce Lane, Wells, ME 04090

3 beds • 2 baths • 1560 sqft

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This property looks like a bad Mid-Term investment with a projected -6.72% first-year return on $132k initial cash invested.

-6.72%

Cash On Cash

5.36%

Cap Rate

0.81

DSCR

$4,124

Rent

-$738

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,124 income − $4,862 expenses = $738 out of pocket

Income$4,124Out of Pocket$738Mortgage P&I$2,99373%Property Taxes$2566%Insurance$2105%Management$49512%CapEx$1654%Vacancy$1243%Maintenance$1654%Other$45411%

Investment Breakdown

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Purchase Price

$542k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$132k

Downpayment

20%

$108k

Closing costs

1%

$5,417

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$4,124

Total Expenses

$4,862

Mortgage P&I

73%

$2,993

Property Taxes

6%

$256

Home Insurance

5%

$210

HOA

0%

$0

Property Management

12%

$495

CapEx

4%

$165

Vacancy

3%

$124

Maintenance

4%

$165

Other

11%

$454

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