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$3,042 (target)

1001 9th Avenue Pl SE, Altoona, IA 50009

3 beds • 3 baths • 1531 sqft

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This property looks like a bad Mid-Term investment with a projected -3.76% first-year return on $89,778 initial cash invested.

-3.76%

Cash On Cash

5.52%

Cap Rate

0.91

DSCR

$3,042

Rent

-$281

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,042 income − $3,323 expenses = $281 out of pocket

Income$3,042Out of Pocket$281Mortgage P&I$1,73257%Property Taxes$43414%Insurance$1224%Management$36512%CapEx$1224%Vacancy$913%Maintenance$1224%Other$33511%

Investment Breakdown

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Purchase Price

$342k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$89,778

Downpayment

20%

$68,360

Closing costs

1%

$3,418

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,042

Total Expenses

$3,323

Mortgage P&I

57%

$1,732

Property Taxes

14%

$434

Home Insurance

4%

$122

HOA

0%

$0

Property Management

12%

$365

CapEx

4%

$122

Vacancy

3%

$91

Maintenance

4%

$122

Other

11%

$335

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