REI Lense

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$3,366 (target)

2014 2nd Ave SE, Altoona, IA 50009

3 beds • 4 baths • 1715 sqft

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This property looks like a bad Mid-Term investment with a projected -2.31% first-year return on $90,534 initial cash invested.

-2.31%

Cash On Cash

5.94%

Cap Rate

0.98

DSCR

$3,366

Rent

-$174

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,366 income − $3,540 expenses = $174 out of pocket

Income$3,366Out of Pocket$174Mortgage P&I$1,75052%Property Taxes$52316%Insurance$1224%Management$40412%CapEx$1354%Vacancy$1013%Maintenance$1354%Other$37011%

Investment Breakdown

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Purchase Price

$345k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$90,534

Downpayment

20%

$69,080

Closing costs

1%

$3,454

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,366

Total Expenses

$3,540

Mortgage P&I

52%

$1,750

Property Taxes

16%

$523

Home Insurance

4%

$122

HOA

0%

$0

Property Management

12%

$404

CapEx

4%

$135

Vacancy

3%

$101

Maintenance

4%

$135

Other

11%

$370

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