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$1,738 (target)

1510 9th St, Des Moines, IA 50314

3 beds • 3 baths • 2234 sqft

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This property looks like a bad Long-Term investment with a projected -15.08% first-year return on $53,571 initial cash invested.

-15.08%

Cash On Cash

3.46%

Cap Rate

0.56

DSCR

$1,738

Rent

-$673

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,738 income − $2,411 expenses = $673 out of pocket

Income$1,738Out of Pocket$673Mortgage P&I$1,32176%Property Taxes$54531%Insurance$935%Management$17410%CapEx$875%Vacancy$1046%Maintenance$875%

Investment Breakdown

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Purchase Price

$255k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$53,571

Downpayment

20%

$51,020

Closing costs

1%

$2,551

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,738

Total Expenses

$2,411

Mortgage P&I

76%

$1,321

Property Taxes

31%

$545

Home Insurance

5%

$93

HOA

0%

$0

Property Management

10%

$174

CapEx

5%

$87

Vacancy

6%

$104

Maintenance

5%

$87

Other

0%

$0

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