REI Lense

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$1,479 (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 Long-Term investment with a projected -10.15% first-year return on $46,452 initial cash invested.

-10.15%

Cash On Cash

4.51%

Cap Rate

0.72

DSCR

$1,479

Rent

-$393

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,479 income − $1,872 expenses = $393 out of pocket

Income$1,479Out of Pocket$393Mortgage P&I$1,15078%Property Taxes$25717%Insurance$805%Management$14810%CapEx$745%Vacancy$896%Maintenance$745%

Investment Breakdown

|

Purchase Price

$221k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$46,452

Downpayment

20%

$44,240

Closing costs

1%

$2,212

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,479

Total Expenses

$1,872

Mortgage P&I

78%

$1,150

Property Taxes

17%

$257

Home Insurance

5%

$80

HOA

0%

$0

Property Management

10%

$148

CapEx

5%

$74

Vacancy

6%

$89

Maintenance

5%

$74

Other

0%

$0

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