REI Lense

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$3,501 (target)

1509 Ledges Dr, Ames, IA 50010

3 beds • 2 baths • 1609 sqft

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This property looks like a bad Mid-Term investment with a projected -6.8% first-year return on $106k initial cash invested.

-6.8%

Cash On Cash

4.92%

Cap Rate

0.79

DSCR

$3,501

Rent

-$602

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,501 income − $4,103 expenses = $602 out of pocket

Income$3,501Out of Pocket$602Mortgage P&I$2,18662%Property Taxes$54716%Insurance$1504%HOA$301%Management$42012%CapEx$1404%Vacancy$1053%Maintenance$1404%Other$38511%

Investment Breakdown

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Purchase Price

$420k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$106k

Downpayment

20%

$84,040

Closing costs

1%

$4,202

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,501

Total Expenses

$4,103

Mortgage P&I

62%

$2,186

Property Taxes

16%

$547

Home Insurance

4%

$150

HOA

1%

$30

Property Management

12%

$420

CapEx

4%

$140

Vacancy

3%

$105

Maintenance

4%

$140

Other

11%

$385

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