REI Lense

REI Lense

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$1,452 (target)

1021 E 3rd Ave, Mitchell, SD 57301

3 beds • 2 baths • 1256 sqft

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This property looks like a bad Long-Term investment with a projected -7.35% first-year return on $41,139 initial cash invested.

-7.35%

Cash On Cash

5.29%

Cap Rate

0.83

DSCR

$1,452

Rent

-$252

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,452 income − $1,704 expenses = $252 out of pocket

Income$1,452Out of Pocket$252Mortgage P&I$1,04372%Property Taxes$21415%Insurance$695%Management$14510%CapEx$735%Vacancy$876%Maintenance$735%

Investment Breakdown

|

Purchase Price

$196k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$41,139

Downpayment

20%

$39,180

Closing costs

1%

$1,959

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,452

Total Expenses

$1,704

Mortgage P&I

72%

$1,043

Property Taxes

15%

$214

Home Insurance

5%

$69

HOA

0%

$0

Property Management

10%

$145

CapEx

5%

$73

Vacancy

6%

$87

Maintenance

5%

$73

Other

0%

$0

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