REI Lense

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$1,900 (target)

1350 Morning Glory Rd, Boone, IA 50036

3 beds • 2 baths • 1568 sqft

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This property might be a fair Long-Term investment with a projected 5.31% first-year return on $34,818 initial cash invested.

5.31%

Cash On Cash

8.19%

Cap Rate

1.28

DSCR

$1,900

Rent

$154

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,900 income − $1,746 expenses = $154 cash flow

Income$1,900Mortgage P&I$88246%Property Taxes$32417%Insurance$462%Management$19010%CapEx$955%Vacancy$1146%Maintenance$955%Cash Flow$154

Investment Breakdown

|

Purchase Price

$166k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$34,818

Downpayment

20%

$33,160

Closing costs

1%

$1,658

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,900

Total Expenses

$1,746

Mortgage P&I

46%

$882

Property Taxes

17%

$324

Home Insurance

2%

$46

HOA

0%

$0

Property Management

10%

$190

CapEx

5%

$95

Vacancy

6%

$114

Maintenance

5%

$95

Other

0%

$0

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