REI Lense

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$2,462 (target)

1308 Stafford Ave, Ames, IA 50010

3 beds • 2 baths • 1741 sqft

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This property looks like a bad Mid-Term investment with a projected -2.23% first-year return on $74,217 initial cash invested.

-2.23%

Cash On Cash

5.98%

Cap Rate

0.97

DSCR

$2,462

Rent

-$138

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,462 income − $2,600 expenses = $138 out of pocket

Income$2,462Out of Pocket$138Mortgage P&I$1,37456%Property Taxes$29412%Insurance$964%Management$29512%CapEx$984%Vacancy$743%Maintenance$984%Other$27111%

Investment Breakdown

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Purchase Price

$268k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$74,217

Downpayment

20%

$53,540

Closing costs

1%

$2,677

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,462

Total Expenses

$2,600

Mortgage P&I

56%

$1,374

Property Taxes

12%

$294

Home Insurance

4%

$96

HOA

0%

$0

Property Management

12%

$295

CapEx

4%

$98

Vacancy

3%

$74

Maintenance

4%

$98

Other

11%

$271

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