REI Lense

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$1,756 (target)

1303 S 6th Ave E, Newton, IA 50208

3 beds • 2 baths • 1492 sqft

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This property looks like a bad Mid-Term investment with a projected -12.77% first-year return on $88,350 initial cash invested.

-12.77%

Cash On Cash

2.74%

Cap Rate

0.47

DSCR

$1,756

Rent

-$940

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,756 income − $2,696 expenses = $940 out of pocket

Income$1,756Out of Pocket$940Mortgage P&I$1,63593%Property Taxes$34720%Insurance$1177%Management$21112%CapEx$704%Vacancy$533%Maintenance$704%Other$19311%

Investment Breakdown

|

Purchase Price

$335k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$88,350

Downpayment

20%

$67,000

Closing costs

1%

$3,350

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$1,756

Total Expenses

$2,696

Mortgage P&I

93%

$1,635

Property Taxes

20%

$347

Home Insurance

7%

$117

HOA

0%

$0

Property Management

12%

$211

CapEx

4%

$70

Vacancy

3%

$53

Maintenance

4%

$70

Other

11%

$193

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