REI Lense

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$1,144 (target)

1509 W Hanson Ave, Mitchell, SD 57301

3 beds • 2 baths • 2192 sqft

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This property looks like a bad Long-Term investment with a projected -19.72% first-year return on $59,808 initial cash invested.

-19.72%

Cash On Cash

2.13%

Cap Rate

0.35

DSCR

$1,144

Rent

-$983

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,144 income − $2,127 expenses = $983 out of pocket

Income$1,144Out of Pocket$983Mortgage P&I$1,431125%Property Taxes$29426%Insurance$1059%Management$11410%CapEx$575%Vacancy$696%Maintenance$575%

Investment Breakdown

|

Purchase Price

$285k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$59,808

Downpayment

20%

$56,960

Closing costs

1%

$2,848

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,144

Total Expenses

$2,127

Mortgage P&I

125%

$1,431

Property Taxes

26%

$294

Home Insurance

9%

$105

HOA

0%

$0

Property Management

10%

$114

CapEx

5%

$57

Vacancy

6%

$69

Maintenance

5%

$57

Other

0%

$0

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