REI Lense

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$2,566 (target)

1100 Sunset Rd, Mitchell, SD 57301

3 beds • 3 baths • 2591 sqft

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This property looks like a bad Mid-Term investment with a projected -6.1% first-year return on $88,350 initial cash invested.

-6.1%

Cash On Cash

5.1%

Cap Rate

0.8

DSCR

$2,566

Rent

-$449

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,566 income − $3,015 expenses = $449 out of pocket

Income$2,566Out of Pocket$449Mortgage P&I$1,77069%Property Taxes$25510%Insurance$1175%Management$30812%CapEx$1034%Vacancy$773%Maintenance$1034%Other$28211%

Investment Breakdown

|

Purchase Price

$335k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$88,350

Downpayment

20%

$67,000

Closing costs

1%

$3,350

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,566

Total Expenses

$3,015

Mortgage P&I

69%

$1,770

Property Taxes

10%

$255

Home Insurance

5%

$117

HOA

0%

$0

Property Management

12%

$308

CapEx

4%

$103

Vacancy

3%

$77

Maintenance

4%

$103

Other

11%

$282

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