REI Lense

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$2,986 (target)

1313 N Broadway St, Watertown, SD 57201

3 beds • 2 baths • 2080 sqft

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This property might be a fair Mid-Term investment with a projected 2.13% first-year return on $79,026 initial cash invested.

2.13%

Cash On Cash

7.4%

Cap Rate

1.17

DSCR

$2,986

Rent

$140

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,986 income − $2,846 expenses = $140 cash flow

Income$2,986Mortgage P&I$1,53251%Property Taxes$1957%Insurance$1054%Management$35812%CapEx$1194%Vacancy$903%Maintenance$1194%Other$32811%Cash Flow$140

Investment Breakdown

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Purchase Price

$291k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$79,026

Downpayment

20%

$58,120

Closing costs

1%

$2,906

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,986

Total Expenses

$2,846

Mortgage P&I

51%

$1,532

Property Taxes

7%

$195

Home Insurance

4%

$105

HOA

0%

$0

Property Management

12%

$358

CapEx

4%

$119

Vacancy

3%

$90

Maintenance

4%

$119

Other

11%

$328

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