REI Lense

REI Lense

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$1,665 (target)

1906 Duff Ave, Ames, IA 50010

3 beds • 2 baths • 1459 sqft

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This property looks like a bad Long-Term investment with a projected -16.21% first-year return on $70,266 initial cash invested.

-16.21%

Cash On Cash

2.99%

Cap Rate

0.49

DSCR

$1,665

Rent

-$949

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,665 income − $2,614 expenses = $949 out of pocket

Income$1,665Out of Pocket$949Mortgage P&I$1,699102%Property Taxes$36422%Insurance$1197%Management$16610%CapEx$835%Vacancy$1006%Maintenance$835%

Investment Breakdown

|

Purchase Price

$335k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$70,266

Downpayment

20%

$66,920

Closing costs

1%

$3,346

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,665

Total Expenses

$2,614

Mortgage P&I

102%

$1,699

Property Taxes

22%

$364

Home Insurance

7%

$119

HOA

0%

$0

Property Management

10%

$166

CapEx

5%

$83

Vacancy

6%

$100

Maintenance

5%

$83

Other

0%

$0

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