REI Lense

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$2,650 (target)

851 Meadowlark Ln, Newton, KS 67114

3 beds • 3 baths • 2397 sqft

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This property might be a fair Mid-Term investment with a projected 0.57% first-year return on $77,829 initial cash invested.

0.57%

Cash On Cash

6.56%

Cap Rate

1.1

DSCR

$2,650

Rent

$37

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,650 income − $2,613 expenses = $37 cash flow

Income$2,650Mortgage P&I$1,41453%Property Taxes$1937%Insurance$1004%HOA$4Management$31812%CapEx$1064%Vacancy$803%Maintenance$1064%Other$29211%Cash Flow$37

Investment Breakdown

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Purchase Price

$285k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$77,829

Downpayment

20%

$56,980

Closing costs

1%

$2,849

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,650

Total Expenses

$2,613

Mortgage P&I

53%

$1,414

Property Taxes

7%

$193

Home Insurance

4%

$100

HOA

0%

$4

Property Management

12%

$318

CapEx

4%

$106

Vacancy

3%

$80

Maintenance

4%

$106

Other

11%

$292

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