REI Lense

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$2,286 (target)

1530 McGowan Blvd, Marion, IA 52302

3 beds • 2 baths • 1621 sqft

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This property looks like a bad Mid-Term investment with a projected -2.88% first-year return on $68,379 initial cash invested.

-2.88%

Cash On Cash

6.14%

Cap Rate

0.94

DSCR

$2,286

Rent

-$164

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,286 income − $2,450 expenses = $164 out of pocket

Income$2,286Out of Pocket$164Mortgage P&I$1,30157%Property Taxes$28913%Insurance$844%Management$27412%CapEx$914%Vacancy$693%Maintenance$914%Other$25111%

Investment Breakdown

|

Purchase Price

$240k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$68,379

Downpayment

20%

$47,980

Closing costs

1%

$2,399

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,286

Total Expenses

$2,450

Mortgage P&I

57%

$1,301

Property Taxes

13%

$289

Home Insurance

4%

$84

HOA

0%

$0

Property Management

12%

$274

CapEx

4%

$91

Vacancy

3%

$69

Maintenance

4%

$91

Other

11%

$251

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