REI Lense

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$1,349 (target)

1018 Creston Ave, Des Moines, IA 50315

3 beds • 2 baths • 956 sqft

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This property looks like a bad Long-Term investment with a projected -16.87% first-year return on $46,305 initial cash invested.

-16.87%

Cash On Cash

3.53%

Cap Rate

0.53

DSCR

$1,349

Rent

-$651

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,349 income − $2,000 expenses = $651 out of pocket

Income$1,349Out of Pocket$651Mortgage P&I$1,23391%Property Taxes$33825%Insurance$796%Management$13510%CapEx$675%Vacancy$816%Maintenance$675%

Investment Breakdown

|

Purchase Price

$221k

Downpayment

20.0%

Interest Rate

7.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$46,305

Downpayment

20%

$44,100

Closing costs

1%

$2,205

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,349

Total Expenses

$2,000

Mortgage P&I

91%

$1,233

Property Taxes

25%

$338

Home Insurance

6%

$79

HOA

0%

$0

Property Management

10%

$135

CapEx

5%

$67

Vacancy

6%

$81

Maintenance

5%

$67

Other

0%

$0

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