REI Lense

REI Lense

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$1,462 (target)

104 Tama St, Boone, IA 50036

3 beds • 2 baths • 1716 sqft

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This property might be a fair Long-Term investment with a projected 0.5% first-year return on $31,500 initial cash invested.

0.5%

Cash On Cash

7.24%

Cap Rate

1.11

DSCR

$1,462

Rent

$13

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,462 income − $1,449 expenses = $13 cash flow

Income$1,462Mortgage P&I$81956%Property Taxes$19814%Insurance$524%Management$14610%CapEx$735%Vacancy$886%Maintenance$735%Cash Flow$13

Investment Breakdown

|

Purchase Price

$150k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$31,500

Downpayment

20%

$30,000

Closing costs

1%

$1,500

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,462

Total Expenses

$1,449

Mortgage P&I

56%

$819

Property Taxes

14%

$198

Home Insurance

4%

$52

HOA

0%

$0

Property Management

10%

$146

CapEx

5%

$73

Vacancy

6%

$88

Maintenance

5%

$73

Other

0%

$0

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