REI Lense

REI Lense

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$1,424 (target)

1535 13th St, Boone, IA 50036

3 beds • 2 baths • 1352 sqft

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This property looks like a bad Long-Term investment with a projected -12.36% first-year return on $59,052 initial cash invested.

-12.36%

Cash On Cash

3.79%

Cap Rate

0.62

DSCR

$1,424

Rent

-$608

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,424 income − $2,032 expenses = $608 out of pocket

Income$1,424Out of Pocket$608Mortgage P&I$1,425100%Property Taxes$13710%Insurance$1017%Management$14210%CapEx$715%Vacancy$856%Maintenance$715%

Investment Breakdown

|

Purchase Price

$281k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$59,052

Downpayment

20%

$56,240

Closing costs

1%

$2,812

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,424

Total Expenses

$2,032

Mortgage P&I

100%

$1,425

Property Taxes

10%

$137

Home Insurance

7%

$101

HOA

0%

$0

Property Management

10%

$142

CapEx

5%

$71

Vacancy

6%

$85

Maintenance

5%

$71

Other

0%

$0

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