REI Lense

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$2,847 (target)

200 S Lake Dr, Watertown, SD 57201

3 beds • 2 baths • 1844 sqft

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This property looks like a bad Mid-Term investment with a projected -11.03% first-year return on $116k initial cash invested.

-11.03%

Cash On Cash

3.97%

Cap Rate

0.62

DSCR

$2,847

Rent

-$1,065

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,847 income − $3,912 expenses = $1,065 out of pocket

Income$2,847Out of Pocket$1,065Mortgage P&I$2,49187%Property Taxes$28510%Insurance$1686%Management$34212%CapEx$1144%Vacancy$853%Maintenance$1144%Other$31311%

Investment Breakdown

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Purchase Price

$466k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$116k

Downpayment

20%

$93,160

Closing costs

1%

$4,658

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$2,847

Total Expenses

$3,912

Mortgage P&I

88%

$2,491

Property Taxes

10%

$285

Home Insurance

6%

$168

HOA

0%

$0

Property Management

12%

$342

CapEx

4%

$114

Vacancy

3%

$85

Maintenance

4%

$114

Other

11%

$313

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