REI Lense

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$3,524 (target)

1480 Locust St, Waukee, IA 50263

3 beds • 2 baths • 1466 sqft

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This property might be a fair Mid-Term investment with a projected 2.97% first-year return on $98,848 initial cash invested.

2.97%

Cash On Cash

7.22%

Cap Rate

1.2

DSCR

$3,524

Rent

$245

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,524 income − $3,279 expenses = $245 cash flow

Income$3,524Mortgage P&I$1,93155%Property Taxes$1Insurance$1354%HOA$13Management$42312%CapEx$1414%Vacancy$1063%Maintenance$1414%Other$38811%Cash Flow$245

Investment Breakdown

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Purchase Price

$385k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$98,848

Downpayment

20%

$76,998

Closing costs

1%

$3,850

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,524

Total Expenses

$3,279

Mortgage P&I

55%

$1,931

Property Taxes

0%

$1

Home Insurance

4%

$135

HOA

0%

$13

Property Management

12%

$423

CapEx

4%

$141

Vacancy

3%

$106

Maintenance

4%

$141

Other

11%

$388

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