REI Lense

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$2,500 (target)

1418 E 13th St, Norwalk, IA 50211

3 beds • 2 baths • 1119 sqft

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This property looks like a bad Mid-Term investment with a projected -4.89% first-year return on $80,979 initial cash invested.

-4.89%

Cash On Cash

5.27%

Cap Rate

0.85

DSCR

$2,500

Rent

-$330

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,500 income − $2,830 expenses = $330 out of pocket

Income$2,500Out of Pocket$330Mortgage P&I$1,54762%Property Taxes$32813%Insurance$1054%Management$30012%CapEx$1004%Vacancy$753%Maintenance$1004%Other$27511%

Investment Breakdown

|

Purchase Price

$300k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$80,979

Downpayment

20%

$59,980

Closing costs

1%

$2,999

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,500

Total Expenses

$2,830

Mortgage P&I

62%

$1,547

Property Taxes

13%

$328

Home Insurance

4%

$105

HOA

0%

$0

Property Management

12%

$300

CapEx

4%

$100

Vacancy

3%

$75

Maintenance

4%

$100

Other

11%

$275

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