REI Lense

REI Lense

$1,800 (target)

916 E Harvey Ave, Wellington, KS 67152

3 beds • 2 baths • 2136 sqft

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This property might be a fair Mid-Term investment with a projected 4.56% first-year return on $49,479 initial cash invested.

4.56%

Cash On Cash

8.55%

Cap Rate

1.32

DSCR

$1,800

Rent

$188

Cashflow

Cash Flow

$1,800 income − $1,612 expenses = $188 cash flow

Income$1,800P&I$80845%Taxes$1408%Insurance$523%Mgmt$21612%CapEx$724%Vacancy$543%Maint.$724%Other$19811%Cash Flow$188

Investment Breakdown

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Purchase Price

$150k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$49,479

Downpayment

20%

$29,980

Closing costs

1%

$1,499

Rehab

0%

$0

Furnishing

12%

$18,000

Cashflow

Total Income

$1,800

Total Expenses

$1,612

Mortgage P&I

45%

$808

Property Taxes

8%

$140

Home Insurance

3%

$52

HOA

0%

$0

Property Management

12%

$216

CapEx

4%

$72

Vacancy

3%

$54

Maintenance

4%

$72

Other

11%

$198

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