REI Lense

REI Lense

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$2,224 (target)

1115 S 13th Ave E, Newton, IA 50208

3 beds • 2 baths • 1491 sqft

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This property looks like a bad Mid-Term investment with a projected -1.78% first-year return on $67,350 initial cash invested.

-1.78%

Cash On Cash

5.92%

Cap Rate

0.99

DSCR

$2,224

Rent

-$100

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,224 income − $2,324 expenses = $100 out of pocket

Income$2,224Out of Pocket$100Mortgage P&I$1,17053%Property Taxes$31314%Insurance$844%Management$26712%CapEx$894%Vacancy$673%Maintenance$894%Other$24511%

Investment Breakdown

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Purchase Price

$235k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$67,350

Downpayment

20%

$47,000

Closing costs

1%

$2,350

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,224

Total Expenses

$2,324

Mortgage P&I

53%

$1,170

Property Taxes

14%

$313

Home Insurance

4%

$84

HOA

0%

$0

Property Management

12%

$267

CapEx

4%

$89

Vacancy

3%

$67

Maintenance

4%

$89

Other

11%

$245

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