REI Lense

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$1,983 (target)

1499 Main Ave, Clinton, IA 52732

3 beds • 2 baths • 2128 sqft

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This property looks like a bad Mid-Term investment with a projected -0.84% first-year return on $59,811 initial cash invested.

-0.84%

Cash On Cash

6.61%

Cap Rate

1.03

DSCR

$1,983

Rent

-$42

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,983 income − $2,025 expenses = $42 out of pocket

Income$1,983Out of Pocket$42Mortgage P&I$1,06053%Property Taxes$23212%Insurance$603%Management$23812%CapEx$794%Vacancy$593%Maintenance$794%Other$21811%

Investment Breakdown

|

Purchase Price

$199k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$59,811

Downpayment

20%

$39,820

Closing costs

1%

$1,991

Rehab

0%

$0

Furnishing

9%

$18,000

Cashflow

Total Income

$1,983

Total Expenses

$2,025

Mortgage P&I

53%

$1,060

Property Taxes

12%

$232

Home Insurance

3%

$60

HOA

0%

$0

Property Management

12%

$238

CapEx

4%

$79

Vacancy

3%

$59

Maintenance

4%

$79

Other

11%

$218

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