REI Lense

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$2,212 (target)

1917 California Ave, Iowa City, IA 52240

3 beds • 2 baths • 1676 sqft

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This property looks like a bad Mid-Term investment with a projected -4.85% first-year return on $73,440 initial cash invested.

-4.85%

Cash On Cash

5.17%

Cap Rate

0.84

DSCR

$2,212

Rent

-$297

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,212 income − $2,509 expenses = $297 out of pocket

Income$2,212Out of Pocket$297Mortgage P&I$1,34661%Property Taxes$32115%Insurance$924%Management$26512%CapEx$884%Vacancy$663%Maintenance$884%Other$24311%

Investment Breakdown

|

Purchase Price

$264k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$73,440

Downpayment

20%

$52,800

Closing costs

1%

$2,640

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,212

Total Expenses

$2,509

Mortgage P&I

61%

$1,346

Property Taxes

15%

$321

Home Insurance

4%

$92

HOA

0%

$0

Property Management

12%

$265

CapEx

4%

$88

Vacancy

3%

$66

Maintenance

4%

$88

Other

11%

$243

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