REI Lense

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$2,218 (target)

1721 2nd Ave SE, Cedar Rapids, IA 52403

3 beds • 2 baths • 1767 sqft

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This property looks like a bad Mid-Term investment with a projected -0.45% first-year return on $64,452 initial cash invested.

-0.45%

Cash On Cash

6.59%

Cap Rate

1.06

DSCR

$2,218

Rent

-$24

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,218 income − $2,242 expenses = $24 out of pocket

Income$2,218Out of Pocket$24Mortgage P&I$1,15052%Property Taxes$25712%Insurance$804%Management$26612%CapEx$894%Vacancy$673%Maintenance$894%Other$24411%

Investment Breakdown

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Purchase Price

$221k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$64,452

Downpayment

20%

$44,240

Closing costs

1%

$2,212

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,218

Total Expenses

$2,242

Mortgage P&I

52%

$1,150

Property Taxes

12%

$257

Home Insurance

4%

$80

HOA

0%

$0

Property Management

12%

$266

CapEx

4%

$89

Vacancy

3%

$67

Maintenance

4%

$89

Other

11%

$244

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