REI Lense

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$2,618 (target)

1100 English Blvd, Marion, IA 52302

3 beds • 2 baths • 1388 sqft

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This property might be a fair Mid-Term investment with a projected 8.62% first-year return on $56,115 initial cash invested.

8.62%

Cash On Cash

9.91%

Cap Rate

1.51

DSCR

$2,618

Rent

$403

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,618 income − $2,215 expenses = $403 cash flow

Income$2,618Mortgage P&I$99138%Property Taxes$26710%Insurance$663%Management$31412%CapEx$1054%Vacancy$793%Maintenance$1054%Other$28811%Cash Flow$403

Investment Breakdown

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Purchase Price

$182k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$56,115

Downpayment

20%

$36,300

Closing costs

1%

$1,815

Rehab

0%

$0

Furnishing

10%

$18,000

Cashflow

Total Income

$2,618

Total Expenses

$2,215

Mortgage P&I

38%

$991

Property Taxes

10%

$267

Home Insurance

3%

$66

HOA

0%

$0

Property Management

12%

$314

CapEx

4%

$105

Vacancy

3%

$79

Maintenance

4%

$105

Other

11%

$288

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