REI Lense

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$1,915 (target)

1314 Quincy St, Rapid City, SD 57701

3 beds • 2 baths • 1692 sqft

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This property looks like a bad Long-Term investment with a projected -12.99% first-year return on $63,651 initial cash invested.

-12.99%

Cash On Cash

4.51%

Cap Rate

0.66

DSCR

$1,915

Rent

-$689

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,915 income − $2,604 expenses = $689 out of pocket

Income$1,915Out of Pocket$689Mortgage P&I$1,73190%Property Taxes$26414%Insurance$1106%Management$19210%CapEx$965%Vacancy$1156%Maintenance$965%

Investment Breakdown

|

Purchase Price

$303k

Downpayment

20.0%

Interest Rate

7.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$63,651

Downpayment

20%

$60,620

Closing costs

1%

$3,031

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,915

Total Expenses

$2,604

Mortgage P&I

90%

$1,731

Property Taxes

14%

$264

Home Insurance

6%

$110

HOA

0%

$0

Property Management

10%

$192

CapEx

5%

$96

Vacancy

6%

$115

Maintenance

5%

$96

Other

0%

$0

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