REI Lense

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$2,238 (target)

201 22nd Ave SW, Altoona, IA 50009

3 beds • 2 baths • 880 sqft

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This property looks like a bad Mid-Term investment with a projected -3.09% first-year return on $69,618 initial cash invested.

-3.09%

Cash On Cash

5.74%

Cap Rate

0.93

DSCR

$2,238

Rent

-$179

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,238 income − $2,417 expenses = $179 out of pocket

Income$2,238Out of Pocket$179Mortgage P&I$1,26557%Property Taxes$30213%Insurance$884%Management$26912%CapEx$904%Vacancy$673%Maintenance$904%Other$24611%

Investment Breakdown

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Purchase Price

$246k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$69,618

Downpayment

20%

$49,160

Closing costs

1%

$2,458

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,238

Total Expenses

$2,417

Mortgage P&I

57%

$1,265

Property Taxes

13%

$302

Home Insurance

4%

$88

HOA

0%

$0

Property Management

12%

$269

CapEx

4%

$90

Vacancy

3%

$67

Maintenance

4%

$90

Other

11%

$246

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