REI Lense

REI Lense

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$1,181 (target)

802 W 3rd St, Pratt, KS 67124

3 beds • 3 baths • 3358 sqft

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This property looks like a bad Long-Term investment with a projected -14.71% first-year return on $43,890 initial cash invested.

-14.71%

Cash On Cash

3.4%

Cap Rate

0.55

DSCR

$1,181

Rent

-$538

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,181 income − $1,719 expenses = $538 out of pocket

Income$1,181Out of Pocket$538Mortgage P&I$1,07191%Property Taxes$26823%Insurance$736%Management$11810%CapEx$595%Vacancy$716%Maintenance$595%

Investment Breakdown

|

Purchase Price

$209k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$43,890

Downpayment

20%

$41,800

Closing costs

1%

$2,090

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,181

Total Expenses

$1,719

Mortgage P&I

91%

$1,071

Property Taxes

23%

$268

Home Insurance

6%

$73

HOA

0%

$0

Property Management

10%

$118

CapEx

5%

$59

Vacancy

6%

$71

Maintenance

5%

$59

Other

0%

$0

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