REI Lense

REI Lense

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$2,400 (target)

1422 Maxwell Ave, Ames, IA 50010

3 beds • 2 baths • 1170 sqft

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This property looks like a bad Mid-Term investment with a projected -3.69% first-year return on $75,687 initial cash invested.

-3.69%

Cash On Cash

5.83%

Cap Rate

0.91

DSCR

$2,400

Rent

-$233

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,400 income − $2,633 expenses = $233 out of pocket

Income$2,400Out of Pocket$233Mortgage P&I$1,47161%Property Taxes$27411%Insurance$723%Management$28812%CapEx$964%Vacancy$723%Maintenance$964%Other$26411%

Investment Breakdown

|

Purchase Price

$275k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$75,687

Downpayment

20%

$54,940

Closing costs

1%

$2,747

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,400

Total Expenses

$2,633

Mortgage P&I

61%

$1,471

Property Taxes

11%

$274

Home Insurance

3%

$72

HOA

0%

$0

Property Management

12%

$288

CapEx

4%

$96

Vacancy

3%

$72

Maintenance

4%

$96

Other

11%

$264

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