REI Lense

REI Lense

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$2,309 (target)

1406 NW Parkridge Pl, Ankeny, IA 50023

3 beds • 3 baths • 1968 sqft

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This property looks like a bad Long-Term investment with a projected -11.91% first-year return on $76,860 initial cash invested.

-11.91%

Cash On Cash

4.09%

Cap Rate

0.66

DSCR

$2,309

Rent

-$763

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,309 income − $3,072 expenses = $763 out of pocket

Income$2,309Out of Pocket$763Mortgage P&I$1,89582%Property Taxes$44619%Insurance$1316%Management$23110%CapEx$1155%Vacancy$1396%Maintenance$1155%

Investment Breakdown

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Purchase Price

$366k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$76,860

Downpayment

20%

$73,200

Closing costs

1%

$3,660

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,309

Total Expenses

$3,072

Mortgage P&I

82%

$1,895

Property Taxes

19%

$446

Home Insurance

6%

$131

HOA

0%

$0

Property Management

10%

$231

CapEx

5%

$115

Vacancy

6%

$139

Maintenance

5%

$115

Other

0%

$0

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