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1511 Lewis Ave, Des Moines, IA 50315

3 beds • 3 baths • 1564 sqft

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This property looks like a bad Long-Term investment with a projected -16.39% first-year return on $68,250 initial cash invested.

-16.39%

Cash On Cash

2.97%

Cap Rate

0.49

DSCR

$1,710

Rent

-$932

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

Purchase Price

$325k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$68,250

Downpayment

20%

$65,000

Closing costs

1%

$3,250

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,710

Total Expenses

$2,642

Mortgage P&I

96%

$1,650

Property Taxes

25%

$432

Home Insurance

7%

$114

HOA

0%

$0

Property Management

10%

$171

CapEx

5%

$86

Vacancy

6%

$103

Maintenance

5%

$86

Other

0%

$0

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Comparable Property

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Beds

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SQFT

Distance

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1255 S Forest Knoll St

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2

1

2020

0.9 mi

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4

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0.6 mi

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$1,100

2

1

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0.9 mi

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$2,850

5

4

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0.6 mi

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