REI Lense

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$2,830 (target)

1656 Howard Dr, Norwalk, IA 50211

3 beds • 3 baths • 1056 sqft

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This property looks like a bad Mid-Term investment with a projected -4.12% first-year return on $88,875 initial cash invested.

-4.12%

Cash On Cash

5.35%

Cap Rate

0.89

DSCR

$2,830

Rent

-$305

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,830 income − $3,135 expenses = $305 out of pocket

Income$2,830Out of Pocket$305Mortgage P&I$1,69760%Property Taxes$34912%Insurance$1144%HOA$13Management$34012%CapEx$1134%Vacancy$853%Maintenance$1134%Other$31111%

Investment Breakdown

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Purchase Price

$338k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$88,875

Downpayment

20%

$67,500

Closing costs

1%

$3,375

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,830

Total Expenses

$3,135

Mortgage P&I

60%

$1,697

Property Taxes

12%

$349

Home Insurance

4%

$114

HOA

0%

$13

Property Management

12%

$340

CapEx

4%

$113

Vacancy

3%

$85

Maintenance

4%

$113

Other

11%

$311

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