REI Lense

REI Lense

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$2,334 (target)

1509 Ledges Dr, Ames, IA 50010

3 beds • 2 baths • 1609 sqft

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This property looks like a bad Long-Term investment with a projected -16.13% first-year return on $88,242 initial cash invested.

-16.13%

Cash On Cash

3.19%

Cap Rate

0.51

DSCR

$2,334

Rent

-$1,186

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,334 income − $3,520 expenses = $1,186 out of pocket

Income$2,334Out of Pocket$1,186Mortgage P&I$2,18694%Property Taxes$54723%Insurance$1506%HOA$301%Management$23310%CapEx$1175%Vacancy$1406%Maintenance$1175%

Investment Breakdown

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Purchase Price

$420k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$88,242

Downpayment

20%

$84,040

Closing costs

1%

$4,202

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,334

Total Expenses

$3,520

Mortgage P&I

94%

$2,186

Property Taxes

23%

$547

Home Insurance

6%

$150

HOA

1%

$30

Property Management

10%

$233

CapEx

5%

$117

Vacancy

6%

$140

Maintenance

5%

$117

Other

0%

$0

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