REI Lense

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$1,808 (target)

1836 7th Avenue Ct, Iowa City, IA 52240

3 beds • 2 baths • 942 sqft

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This property looks like a bad Long-Term investment with a projected -13.77% first-year return on $65,625 initial cash invested.

-13.77%

Cash On Cash

3.7%

Cap Rate

0.59

DSCR

$1,808

Rent

-$753

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,808 income − $2,561 expenses = $753 out of pocket

Income$1,808Out of Pocket$753Mortgage P&I$1,62690%Property Taxes$35420%Insurance$1126%Management$18110%CapEx$905%Vacancy$1086%Maintenance$905%

Investment Breakdown

|

Purchase Price

$313k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$65,625

Downpayment

20%

$62,500

Closing costs

1%

$3,125

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,808

Total Expenses

$2,561

Mortgage P&I

90%

$1,626

Property Taxes

20%

$354

Home Insurance

6%

$112

HOA

0%

$0

Property Management

10%

$181

CapEx

5%

$90

Vacancy

6%

$108

Maintenance

5%

$90

Other

0%

$0

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