REI Lense

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$1,846 (target)

1115 Erie St, Storm Lake, IA 50588

3 beds • 2 baths • 912 sqft

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This property might be a fair Mid-Term investment with a projected 2.14% first-year return on $52,734 initial cash invested.

2.14%

Cash On Cash

7.31%

Cap Rate

1.2

DSCR

$1,846

Rent

$94

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,846 income − $1,752 expenses = $94 cash flow

Income$1,846Mortgage P&I$83945%Property Taxes$22612%Insurance$593%Management$22212%CapEx$744%Vacancy$553%Maintenance$744%Other$20311%Cash Flow$94

Investment Breakdown

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Purchase Price

$165k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$52,734

Downpayment

20%

$33,080

Closing costs

1%

$1,654

Rehab

0%

$0

Furnishing

11%

$18,000

Cashflow

Total Income

$1,846

Total Expenses

$1,752

Mortgage P&I

45%

$839

Property Taxes

12%

$226

Home Insurance

3%

$59

HOA

0%

$0

Property Management

12%

$222

CapEx

4%

$74

Vacancy

3%

$55

Maintenance

4%

$74

Other

11%

$203

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