REI Lense

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$1,643 (target)

1215 Brockman Dr SE, Cedar Rapids, IA 52403

3 beds • 2 baths • 2176 sqft

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This property looks like a bad Long-Term investment with a projected -8.61% first-year return on $48,216 initial cash invested.

-8.61%

Cash On Cash

4.83%

Cap Rate

0.78

DSCR

$1,643

Rent

-$346

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,643 income − $1,989 expenses = $346 out of pocket

Income$1,643Out of Pocket$346Mortgage P&I$1,18972%Property Taxes$29118%Insurance$825%Management$16410%CapEx$825%Vacancy$996%Maintenance$825%

Investment Breakdown

|

Purchase Price

$230k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$48,216

Downpayment

20%

$45,920

Closing costs

1%

$2,296

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,643

Total Expenses

$1,989

Mortgage P&I

72%

$1,189

Property Taxes

18%

$291

Home Insurance

5%

$82

HOA

0%

$0

Property Management

10%

$164

CapEx

5%

$82

Vacancy

6%

$99

Maintenance

5%

$82

Other

0%

$0

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