REI Lense

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$1,716 (target)

1509 W Hanson Ave, Mitchell, SD 57301

3 beds • 2 baths • 2192 sqft

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This property looks like a bad Mid-Term investment with a projected -10.76% first-year return on $77,808 initial cash invested.

-10.76%

Cash On Cash

3.38%

Cap Rate

0.56

DSCR

$1,716

Rent

-$698

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,716 income − $2,414 expenses = $698 out of pocket

Income$1,716Out of Pocket$698Mortgage P&I$1,43183%Property Taxes$29417%Insurance$1056%Management$20612%CapEx$694%Vacancy$513%Maintenance$694%Other$18911%

Investment Breakdown

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Purchase Price

$285k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$77,808

Downpayment

20%

$56,960

Closing costs

1%

$2,848

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$1,716

Total Expenses

$2,414

Mortgage P&I

83%

$1,431

Property Taxes

17%

$294

Home Insurance

6%

$105

HOA

0%

$0

Property Management

12%

$206

CapEx

4%

$69

Vacancy

3%

$51

Maintenance

4%

$69

Other

11%

$189

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