REI Lense

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$1,655 (target)

840 Millwood Dr, Salina, KS 67401

3 beds • 2 baths • 2040 sqft

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This property looks like a bad Long-Term investment with a projected -12.11% first-year return on $54,579 initial cash invested.

-12.11%

Cash On Cash

4.39%

Cap Rate

0.67

DSCR

$1,655

Rent

-$551

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,655 income − $2,206 expenses = $551 out of pocket

Income$1,655Out of Pocket$551Mortgage P&I$1,41886%Property Taxes$26616%Insurance$915%Management$16610%CapEx$835%Vacancy$996%Maintenance$835%

Investment Breakdown

|

Purchase Price

$260k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$54,579

Downpayment

20%

$51,980

Closing costs

1%

$2,599

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,655

Total Expenses

$2,206

Mortgage P&I

86%

$1,418

Property Taxes

16%

$266

Home Insurance

6%

$91

HOA

0%

$0

Property Management

10%

$166

CapEx

5%

$83

Vacancy

6%

$99

Maintenance

5%

$83

Other

0%

$0

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