REI Lense

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$2,982 (target)

1975 49th St, Marion, IA 52302

3 beds • 2 baths • 1440 sqft

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This property looks like a bad Mid-Term investment with a projected -0.23% first-year return on $78,900 initial cash invested.

-0.23%

Cash On Cash

6.59%

Cap Rate

1.07

DSCR

$2,982

Rent

-$15

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,982 income − $2,997 expenses = $15 out of pocket

Income$2,982Out of Pocket$15Mortgage P&I$1,48850%Property Taxes$38713%Insurance$1094%Management$35812%CapEx$1194%Vacancy$893%Maintenance$1194%Other$32811%

Investment Breakdown

|

Purchase Price

$290k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$78,900

Downpayment

20%

$58,000

Closing costs

1%

$2,900

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,982

Total Expenses

$2,997

Mortgage P&I

50%

$1,488

Property Taxes

13%

$387

Home Insurance

4%

$109

HOA

0%

$0

Property Management

12%

$358

CapEx

4%

$119

Vacancy

3%

$89

Maintenance

4%

$119

Other

11%

$328

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