REI Lense

REI Lense

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$1,322 (target)

1499 Main Ave, Clinton, IA 52732

3 beds • 2 baths • 2128 sqft

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This property looks like a bad Long-Term investment with a projected -10.71% first-year return on $41,811 initial cash invested.

-10.71%

Cash On Cash

4.54%

Cap Rate

0.71

DSCR

$1,322

Rent

-$373

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,322 income − $1,695 expenses = $373 out of pocket

Income$1,322Out of Pocket$373Mortgage P&I$1,06080%Property Taxes$23218%Insurance$605%Management$13210%CapEx$665%Vacancy$796%Maintenance$665%

Investment Breakdown

|

Purchase Price

$199k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$41,811

Downpayment

20%

$39,820

Closing costs

1%

$1,991

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,322

Total Expenses

$1,695

Mortgage P&I

80%

$1,060

Property Taxes

18%

$232

Home Insurance

5%

$60

HOA

0%

$0

Property Management

10%

$132

CapEx

5%

$66

Vacancy

6%

$79

Maintenance

5%

$66

Other

0%

$0

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