REI Lense

REI Lense

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$1,512 (target)

1407 Johnson St, Ames, IA 50010

3 beds • 2 baths • 864 sqft

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This property looks like a bad Long-Term investment with a projected -9.5% first-year return on $47,250 initial cash invested.

-9.5%

Cash On Cash

4.84%

Cap Rate

0.75

DSCR

$1,512

Rent

-$374

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,512 income − $1,886 expenses = $374 out of pocket

Income$1,512Out of Pocket$374Mortgage P&I$1,20580%Property Taxes$20614%Insurance$815%Management$15110%CapEx$765%Vacancy$916%Maintenance$765%

Investment Breakdown

|

Purchase Price

$225k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$47,250

Downpayment

20%

$45,000

Closing costs

1%

$2,250

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,512

Total Expenses

$1,886

Mortgage P&I

80%

$1,205

Property Taxes

14%

$206

Home Insurance

5%

$81

HOA

0%

$0

Property Management

10%

$151

CapEx

5%

$76

Vacancy

6%

$91

Maintenance

5%

$76

Other

0%

$0

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