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1823 NW Prairie Lakes Dr, Ankeny, IA 50023

3 beds • 3 baths • 1508 sqft

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This property looks like a bad Long-Term investment with a projected -12.66% first-year return on $74,151 initial cash invested.

-12.66%

Cash On Cash

3.9%

Cap Rate

0.63

DSCR

$2,151

Rent

-$782

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$353k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$74,151

Downpayment

20%

$70,620

Closing costs

1%

$3,531

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,151

Total Expenses

$2,933

Mortgage P&I

85%

$1,821

Property Taxes

20%

$430

Home Insurance

6%

$122

HOA

0%

$0

Property Management

10%

$215

CapEx

5%

$108

Vacancy

6%

$129

Maintenance

5%

$108

Other

0%

$0

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