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$1,887 (target)

1656 Howard Dr, Norwalk, IA 50211

3 beds • 3 baths • 1056 sqft

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This property looks like a bad Long-Term investment with a projected -13.14% first-year return on $70,875 initial cash invested.

-13.14%

Cash On Cash

3.61%

Cap Rate

0.6

DSCR

$1,887

Rent

-$776

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,887 income − $2,663 expenses = $776 out of pocket

Income$1,887Out of Pocket$776Mortgage P&I$1,69790%Property Taxes$34918%Insurance$1146%HOA$131%Management$18910%CapEx$945%Vacancy$1136%Maintenance$945%

Investment Breakdown

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Purchase Price

$338k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$70,875

Downpayment

20%

$67,500

Closing costs

1%

$3,375

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,887

Total Expenses

$2,663

Mortgage P&I

90%

$1,697

Property Taxes

18%

$349

Home Insurance

6%

$114

HOA

1%

$13

Property Management

10%

$189

CapEx

5%

$94

Vacancy

6%

$113

Maintenance

5%

$94

Other

0%

$0

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