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$2,538 (target)

1403 Plum St, Iowa City, IA 52240

3 beds • 2 baths • 1336 sqft

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This property might be a fair Mid-Term investment with a projected 2.06% first-year return on $66,342 initial cash invested.

2.06%

Cash On Cash

7.28%

Cap Rate

1.18

DSCR

$2,538

Rent

$114

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,538 income − $2,424 expenses = $114 cash flow

Income$2,538Mortgage P&I$1,18147%Property Taxes$29712%Insurance$823%Management$30512%CapEx$1024%Vacancy$763%Maintenance$1024%Other$27911%Cash Flow$114

Investment Breakdown

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Purchase Price

$230k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$66,342

Downpayment

20%

$46,040

Closing costs

1%

$2,302

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,538

Total Expenses

$2,424

Mortgage P&I

47%

$1,181

Property Taxes

12%

$297

Home Insurance

3%

$82

HOA

0%

$0

Property Management

12%

$305

CapEx

4%

$102

Vacancy

3%

$76

Maintenance

4%

$102

Other

11%

$279

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