REI Lense

REI Lense

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$1,488 (target)

1024 18th St, Marion, IA 52302

3 beds • 3 baths • 2649 sqft

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This property looks like a bad Long-Term investment with a projected -14.58% first-year return on $59,850 initial cash invested.

-14.58%

Cash On Cash

3.34%

Cap Rate

0.55

DSCR

$1,488

Rent

-$727

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,488 income − $2,215 expenses = $727 out of pocket

Income$1,488Out of Pocket$727Mortgage P&I$1,44797%Property Taxes$28219%Insurance$1007%Management$14910%CapEx$745%Vacancy$896%Maintenance$745%

Investment Breakdown

|

Purchase Price

$285k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$59,850

Downpayment

20%

$57,000

Closing costs

1%

$2,850

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,488

Total Expenses

$2,215

Mortgage P&I

97%

$1,447

Property Taxes

19%

$282

Home Insurance

7%

$100

HOA

0%

$0

Property Management

10%

$149

CapEx

5%

$74

Vacancy

6%

$89

Maintenance

5%

$74

Other

0%

$0

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