REI Lense

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$1,492 (target)

201 22nd Ave SW, Altoona, IA 50009

3 beds • 2 baths • 880 sqft

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This property looks like a bad Long-Term investment with a projected -12.83% first-year return on $51,618 initial cash invested.

-12.83%

Cash On Cash

3.85%

Cap Rate

0.62

DSCR

$1,492

Rent

-$552

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,492 income − $2,044 expenses = $552 out of pocket

Income$1,492Out of Pocket$552Mortgage P&I$1,26585%Property Taxes$30220%Insurance$886%Management$14910%CapEx$755%Vacancy$906%Maintenance$755%

Investment Breakdown

|

Purchase Price

$246k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$51,618

Downpayment

20%

$49,160

Closing costs

1%

$2,458

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,492

Total Expenses

$2,044

Mortgage P&I

85%

$1,265

Property Taxes

20%

$302

Home Insurance

6%

$88

HOA

0%

$0

Property Management

10%

$149

CapEx

5%

$75

Vacancy

6%

$90

Maintenance

5%

$75

Other

0%

$0

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