REI Lense

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$1,618 (target)

1580 24th St, Marion, IA 52302

3 beds • 2 baths • 1687 sqft

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This property looks like a bad Long-Term investment with a projected -12.01% first-year return on $55,650 initial cash invested.

-12.01%

Cash On Cash

4.11%

Cap Rate

0.66

DSCR

$1,618

Rent

-$557

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,618 income − $2,175 expenses = $557 out of pocket

Income$1,618Out of Pocket$557Mortgage P&I$1,38486%Property Taxes$27717%Insurance$936%Management$16210%CapEx$815%Vacancy$976%Maintenance$815%

Investment Breakdown

|

Purchase Price

$265k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$55,650

Downpayment

20%

$53,000

Closing costs

1%

$2,650

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,618

Total Expenses

$2,175

Mortgage P&I

86%

$1,384

Property Taxes

17%

$277

Home Insurance

6%

$93

HOA

0%

$0

Property Management

10%

$162

CapEx

5%

$81

Vacancy

6%

$97

Maintenance

5%

$81

Other

0%

$0

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