REI Lense

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$1,598 (target)

1507 Hinkley Ave NW, Cedar Rapids, IA 52405

3 beds • 2 baths • 1196 sqft

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This property might be a fair Long-Term investment with a projected 1.43% first-year return on $34,293 initial cash invested.

1.43%

Cash On Cash

7.36%

Cap Rate

1.14

DSCR

$1,598

Rent

$41

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$163k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$34,293

Downpayment

20%

$32,660

Closing costs

1%

$1,633

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,598

Total Expenses

$1,557

Mortgage P&I

55%

$880

Property Taxes

13%

$203

Home Insurance

4%

$58

HOA

0%

$0

Property Management

10%

$160

CapEx

5%

$80

Vacancy

6%

$96

Maintenance

5%

$80

Other

0%

$0

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