REI Lense

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$3,351 (target)

8011 Clinton LANE, Racine, WI 53406

3 beds • 2 baths • 1785 sqft

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This property looks like a bad Mid-Term investment with a projected -3.62% first-year return on $93,579 initial cash invested.

-3.62%

Cash On Cash

6.22%

Cap Rate

0.93

DSCR

$3,351

Rent

-$282

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,351 income − $3,633 expenses = $282 out of pocket

Income$3,351Out of Pocket$282Mortgage P&I$2,01360%Property Taxes$35411%Insurance$1264%Management$40212%CapEx$1344%Vacancy$1013%Maintenance$1344%Other$36911%

Investment Breakdown

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Purchase Price

$360k

Downpayment

20.0%

Interest Rate

7.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$93,579

Downpayment

20%

$71,980

Closing costs

1%

$3,599

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,351

Total Expenses

$3,633

Mortgage P&I

60%

$2,013

Property Taxes

11%

$354

Home Insurance

4%

$126

HOA

0%

$0

Property Management

12%

$402

CapEx

4%

$134

Vacancy

3%

$101

Maintenance

4%

$134

Other

11%

$369

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