REI Lense

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$2,244 (target)

2014 2nd Ave SE, Altoona, IA 50009

3 beds • 4 baths • 1715 sqft

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This property looks like a bad Long-Term investment with a projected -12.14% first-year return on $72,534 initial cash invested.

-12.14%

Cash On Cash

3.92%

Cap Rate

0.64

DSCR

$2,244

Rent

-$734

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,244 income − $2,978 expenses = $734 out of pocket

Income$2,244Out of Pocket$734Mortgage P&I$1,75078%Property Taxes$52323%Insurance$1225%Management$22410%CapEx$1125%Vacancy$1356%Maintenance$1125%

Investment Breakdown

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Purchase Price

$345k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$72,534

Downpayment

20%

$69,080

Closing costs

1%

$3,454

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,244

Total Expenses

$2,978

Mortgage P&I

78%

$1,750

Property Taxes

23%

$523

Home Insurance

5%

$122

HOA

0%

$0

Property Management

10%

$224

CapEx

5%

$112

Vacancy

6%

$135

Maintenance

5%

$112

Other

0%

$0

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