REI Lense

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$2,397 (target)

1300 English Blvd, Marion, IA 52302

3 beds • 2 baths • 1314 sqft

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This property might be a fair Mid-Term investment with a projected 4.37% first-year return on $59,328 initial cash invested.

4.37%

Cash On Cash

8.12%

Cap Rate

1.31

DSCR

$2,397

Rent

$216

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,397 income − $2,181 expenses = $216 cash flow

Income$2,397Mortgage P&I$1,01943%Property Taxes$27612%Insurance$703%Management$28812%CapEx$964%Vacancy$723%Maintenance$964%Other$26411%Cash Flow$216

Investment Breakdown

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Purchase Price

$197k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$59,328

Downpayment

20%

$39,360

Closing costs

1%

$1,968

Rehab

0%

$0

Furnishing

9%

$18,000

Cashflow

Total Income

$2,397

Total Expenses

$2,181

Mortgage P&I

43%

$1,019

Property Taxes

12%

$276

Home Insurance

3%

$70

HOA

0%

$0

Property Management

12%

$288

CapEx

4%

$96

Vacancy

3%

$72

Maintenance

4%

$96

Other

11%

$264

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