REI Lense

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$1,474 (target)

1510 Boone St, Boone, IA 50036

3 beds • 2 baths • 1456 sqft

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This property looks like a bad Long-Term investment with a projected -6.46% first-year return on $40,320 initial cash invested.

-6.46%

Cash On Cash

5.53%

Cap Rate

0.86

DSCR

$1,474

Rent

-$217

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,474 income − $1,691 expenses = $217 out of pocket

Income$1,474Out of Pocket$217Mortgage P&I$1,02870%Property Taxes$21014%Insurance$705%Management$14710%CapEx$745%Vacancy$886%Maintenance$745%

Investment Breakdown

|

Purchase Price

$192k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$40,320

Downpayment

20%

$38,400

Closing costs

1%

$1,920

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,474

Total Expenses

$1,691

Mortgage P&I

70%

$1,028

Property Taxes

14%

$210

Home Insurance

5%

$70

HOA

0%

$0

Property Management

10%

$147

CapEx

5%

$74

Vacancy

6%

$88

Maintenance

5%

$74

Other

0%

$0

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