REI Lense

REI Lense

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$1,524 (target)

1530 McGowan Blvd, Marion, IA 52302

3 beds • 2 baths • 1621 sqft

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This property looks like a bad Long-Term investment with a projected -12.98% first-year return on $50,379 initial cash invested.

-12.98%

Cash On Cash

4.16%

Cap Rate

0.64

DSCR

$1,524

Rent

-$545

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,524 income − $2,069 expenses = $545 out of pocket

Income$1,524Out of Pocket$545Mortgage P&I$1,30185%Property Taxes$28919%Insurance$846%Management$15210%CapEx$765%Vacancy$916%Maintenance$765%

Investment Breakdown

|

Purchase Price

$240k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$50,379

Downpayment

20%

$47,980

Closing costs

1%

$2,399

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,524

Total Expenses

$2,069

Mortgage P&I

85%

$1,301

Property Taxes

19%

$289

Home Insurance

6%

$84

HOA

0%

$0

Property Management

10%

$152

CapEx

5%

$76

Vacancy

6%

$91

Maintenance

5%

$76

Other

0%

$0

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