REI Lense

REI Lense

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$2,305 (target)

1801 2nd Ave NE, Watertown, SD 57201

3 beds • 3 baths • 2974 sqft

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This property looks like a bad Long-Term investment with a projected -9.04% first-year return on $78,477 initial cash invested.

-9.04%

Cash On Cash

4.59%

Cap Rate

0.75

DSCR

$2,305

Rent

-$591

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,305 income − $2,896 expenses = $591 out of pocket

Income$2,305Out of Pocket$591Mortgage P&I$1,90683%Property Taxes$25611%Insurance$1366%Management$23010%CapEx$1155%Vacancy$1386%Maintenance$1155%

Investment Breakdown

|

Purchase Price

$374k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$78,477

Downpayment

20%

$74,740

Closing costs

1%

$3,737

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,305

Total Expenses

$2,896

Mortgage P&I

83%

$1,906

Property Taxes

11%

$256

Home Insurance

6%

$136

HOA

0%

$0

Property Management

10%

$230

CapEx

5%

$115

Vacancy

6%

$138

Maintenance

5%

$115

Other

0%

$0

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