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$2,607 (target)

1510 9th St, Des Moines, IA 50314

3 beds • 3 baths • 2234 sqft

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This property looks like a bad Mid-Term investment with a projected -3.99% first-year return on $71,571 initial cash invested.

-3.99%

Cash On Cash

5.58%

Cap Rate

0.9

DSCR

$2,607

Rent

-$238

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,607 income − $2,845 expenses = $238 out of pocket

Income$2,607Out of Pocket$238Mortgage P&I$1,32151%Property Taxes$54521%Insurance$934%Management$31312%CapEx$1044%Vacancy$783%Maintenance$1044%Other$28711%

Investment Breakdown

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Purchase Price

$255k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$71,571

Downpayment

20%

$51,020

Closing costs

1%

$2,551

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,607

Total Expenses

$2,845

Mortgage P&I

51%

$1,321

Property Taxes

21%

$545

Home Insurance

4%

$93

HOA

0%

$0

Property Management

12%

$313

CapEx

4%

$104

Vacancy

3%

$78

Maintenance

4%

$104

Other

11%

$287

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