REI Lense

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$2,690 (target)

1424 Clinton St, Boone, IA 50036

3 beds • 3 baths • 1392 sqft

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This property looks like a bad Mid-Term investment with a projected -11.53% first-year return on $106k initial cash invested.

-11.53%

Cash On Cash

3.49%

Cap Rate

0.57

DSCR

$2,690

Rent

-$1,014

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,690 income − $3,704 expenses = $1,014 out of pocket

Income$2,690Out of Pocket$1,014Mortgage P&I$2,11879%Property Taxes$51819%Insurance$1526%Management$32312%CapEx$1084%Vacancy$813%Maintenance$1084%Other$29611%

Investment Breakdown

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Purchase Price

$417k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$106k

Downpayment

20%

$83,400

Closing costs

1%

$4,170

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$2,690

Total Expenses

$3,704

Mortgage P&I

79%

$2,118

Property Taxes

19%

$518

Home Insurance

6%

$152

HOA

0%

$0

Property Management

12%

$323

CapEx

4%

$108

Vacancy

3%

$81

Maintenance

4%

$108

Other

11%

$296

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