REI Lense

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$2,517 (target)

110 E 20th St N, Newton, IA 50208

3 beds • 2 baths • 1476 sqft

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This property might be a fair Mid-Term investment with a projected 8.73% first-year return on $57,438 initial cash invested.

8.73%

Cash On Cash

9.49%

Cap Rate

1.54

DSCR

$2,517

Rent

$418

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,517 income − $2,099 expenses = $418 cash flow

Income$2,517Mortgage P&I$96638%Property Taxes$2108%Insurance$663%Management$30212%CapEx$1014%Vacancy$763%Maintenance$1014%Other$27711%Cash Flow$418

Investment Breakdown

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Purchase Price

$188k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$57,438

Downpayment

20%

$37,560

Closing costs

1%

$1,878

Rehab

0%

$0

Furnishing

10%

$18,000

Cashflow

Total Income

$2,517

Total Expenses

$2,099

Mortgage P&I

38%

$966

Property Taxes

8%

$210

Home Insurance

3%

$66

HOA

0%

$0

Property Management

12%

$302

CapEx

4%

$101

Vacancy

3%

$76

Maintenance

4%

$101

Other

11%

$277

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