REI Lense

REI Lense

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$1,171 (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 Long-Term investment with a projected -21.03% first-year return on $70,350 initial cash invested.

-21.03%

Cash On Cash

1.65%

Cap Rate

0.28

DSCR

$1,171

Rent

-$1,233

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,171 income − $2,404 expenses = $1,233 out of pocket

Income$1,171Out of Pocket$1,233Mortgage P&I$1,635140%Property Taxes$34730%Insurance$11710%Management$11710%CapEx$595%Vacancy$706%Maintenance$595%

Investment Breakdown

|

Purchase Price

$335k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$70,350

Downpayment

20%

$67,000

Closing costs

1%

$3,350

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,171

Total Expenses

$2,404

Mortgage P&I

140%

$1,635

Property Taxes

30%

$347

Home Insurance

10%

$117

HOA

0%

$0

Property Management

10%

$117

CapEx

5%

$59

Vacancy

6%

$70

Maintenance

5%

$59

Other

0%

$0

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