REI Lense

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$1,962 (target)

1411 Harding Ave, Ames, IA 50010

3 beds • 3 baths • 1879 sqft

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This property looks like a bad Long-Term investment with a projected -15.51% first-year return on $88,200 initial cash invested.

-15.51%

Cash On Cash

3.13%

Cap Rate

0.51

DSCR

$1,962

Rent

-$1,140

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,962 income − $3,102 expenses = $1,140 out of pocket

Income$1,962Out of Pocket$1,140Mortgage P&I$2,137109%Property Taxes$30816%Insurance$1477%Management$19610%CapEx$985%Vacancy$1186%Maintenance$985%

Investment Breakdown

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Purchase Price

$420k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$88,200

Downpayment

20%

$84,000

Closing costs

1%

$4,200

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,962

Total Expenses

$3,102

Mortgage P&I

109%

$2,137

Property Taxes

16%

$308

Home Insurance

7%

$147

HOA

0%

$0

Property Management

10%

$196

CapEx

5%

$98

Vacancy

6%

$118

Maintenance

5%

$98

Other

0%

$0

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