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113 51st St, Des Moines, IA 50312

3 beds • 2 baths • 2188 sqft

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This property looks like a bad Long-Term investment with a projected -25.09% first-year return on $112k initial cash invested.

-25.09%

Cash On Cash

0.93%

Cap Rate

0.16

DSCR

$1,880

Rent

-$2,349

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

Purchase Price

$535k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$112k

Downpayment

20%

$107k

Closing costs

1%

$5,350

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,880

Total Expenses

$4,229

Mortgage P&I

142%

$2,670

Property Taxes

47%

$883

Home Insurance

10%

$187

HOA

0%

$0

Property Management

10%

$188

CapEx

5%

$94

Vacancy

6%

$113

Maintenance

5%

$94

Other

0%

$0

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Comparable Property

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Beds

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SQFT

Distance

327 56th St, Des Moines, IA 50312

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2

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104 W Rancho Del Cerro

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1.3 mi

1255 S Forest Knoll St

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2

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0.9 mi

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$2,850

5

4

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0.6 mi

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2

1

2020

0.9 mi

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$2,850

5

4

3030

0.6 mi

1255 S Forest Knoll St

$1,100

2

1

2020

0.9 mi

2022 S American St

$2,850

5

4

3030

0.6 mi

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