REI Lense

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$1,906 (target)

1405 SW 2nd St, Ankeny, IA 50023

3 beds • 2 baths • 936 sqft

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This property looks like a bad Long-Term investment with a projected -8.98% first-year return on $57,750 initial cash invested.

-8.98%

Cash On Cash

4.82%

Cap Rate

0.77

DSCR

$1,906

Rent

-$432

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,906 income − $2,338 expenses = $432 out of pocket

Income$1,906Out of Pocket$432Mortgage P&I$1,44176%Property Taxes$30616%Insurance$965%Management$19110%CapEx$955%Vacancy$1146%Maintenance$955%

Investment Breakdown

|

Purchase Price

$275k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$57,750

Downpayment

20%

$55,000

Closing costs

1%

$2,750

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,906

Total Expenses

$2,338

Mortgage P&I

76%

$1,441

Property Taxes

16%

$306

Home Insurance

5%

$96

HOA

0%

$0

Property Management

10%

$191

CapEx

5%

$95

Vacancy

6%

$114

Maintenance

5%

$95

Other

0%

$0

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