REI Lense

REI Lense

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$1,504 (target)

801 S Empire Ave, Joplin, MO 64801

3 beds • 2 baths • 1571 sqft

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This property might be a fair Long-Term investment with a projected 6.08% first-year return on $32,550 initial cash invested.

6.08%

Cash On Cash

8.38%

Cap Rate

1.28

DSCR

$1,504

Rent

$165

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,504 income − $1,339 expenses = $165 cash flow

Income$1,504Mortgage P&I$84356%Property Taxes$523%Insurance$544%Management$15010%CapEx$755%Vacancy$906%Maintenance$755%Cash Flow$165

Investment Breakdown

|

Purchase Price

$155k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$32,550

Downpayment

20%

$31,000

Closing costs

1%

$1,550

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,504

Total Expenses

$1,339

Mortgage P&I

56%

$843

Property Taxes

3%

$52

Home Insurance

4%

$54

HOA

0%

$0

Property Management

10%

$150

CapEx

5%

$75

Vacancy

6%

$90

Maintenance

5%

$75

Other

0%

$0

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