REI Lense

REI Lense

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$1,988 (target)

1975 49th St, Marion, IA 52302

3 beds • 2 baths • 1440 sqft

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This property looks like a bad Long-Term investment with a projected -10.09% first-year return on $60,900 initial cash invested.

-10.09%

Cash On Cash

4.45%

Cap Rate

0.72

DSCR

$1,988

Rent

-$512

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,988 income − $2,500 expenses = $512 out of pocket

Income$1,988Out of Pocket$512Mortgage P&I$1,48875%Property Taxes$38719%Insurance$1095%Management$19910%CapEx$995%Vacancy$1196%Maintenance$995%

Investment Breakdown

|

Purchase Price

$290k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$60,900

Downpayment

20%

$58,000

Closing costs

1%

$2,900

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,988

Total Expenses

$2,500

Mortgage P&I

75%

$1,488

Property Taxes

19%

$387

Home Insurance

5%

$109

HOA

0%

$0

Property Management

10%

$199

CapEx

5%

$99

Vacancy

6%

$119

Maintenance

5%

$99

Other

0%

$0

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