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$2,178 (target)

1021 E 3rd Ave, Mitchell, SD 57301

3 beds • 2 baths • 1256 sqft

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This property might be a fair Mid-Term investment with a projected 2.27% first-year return on $59,139 initial cash invested.

2.27%

Cash On Cash

7.61%

Cap Rate

1.19

DSCR

$2,178

Rent

$112

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,178 income − $2,066 expenses = $112 cash flow

Income$2,178Mortgage P&I$1,04348%Property Taxes$21410%Insurance$693%Management$26112%CapEx$874%Vacancy$653%Maintenance$874%Other$24011%Cash Flow$112

Investment Breakdown

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Purchase Price

$196k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$59,139

Downpayment

20%

$39,180

Closing costs

1%

$1,959

Rehab

0%

$0

Furnishing

9%

$18,000

Cashflow

Total Income

$2,178

Total Expenses

$2,066

Mortgage P&I

48%

$1,043

Property Taxes

10%

$214

Home Insurance

3%

$69

HOA

0%

$0

Property Management

12%

$261

CapEx

4%

$87

Vacancy

3%

$65

Maintenance

4%

$87

Other

11%

$240

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