REI Lense

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$2,604 (target)

914 Riva RIDGE, Racine, WI 53402

3 beds • 3 baths • 2582 sqft

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This property looks like a bad Long-Term investment with a projected -13.01% first-year return on $94,479 initial cash invested.

-13.01%

Cash On Cash

3.68%

Cap Rate

0.61

DSCR

$2,604

Rent

-$1,024

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,604 income − $3,628 expenses = $1,024 out of pocket

Income$2,604Out of Pocket$1,024Mortgage P&I$2,27487%Property Taxes$52020%Insurance$1586%Management$26010%CapEx$1305%Vacancy$1566%Maintenance$1305%

Investment Breakdown

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Purchase Price

$450k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$94,479

Downpayment

20%

$89,980

Closing costs

1%

$4,499

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,604

Total Expenses

$3,628

Mortgage P&I

87%

$2,274

Property Taxes

20%

$520

Home Insurance

6%

$158

HOA

0%

$0

Property Management

10%

$260

CapEx

5%

$130

Vacancy

6%

$156

Maintenance

5%

$130

Other

0%

$0

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