REI Lense

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$1,639 (target)

2020 E 40th St, Des Moines, IA 50317

3 beds • 2 baths • 840 sqft

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This property looks like a bad Long-Term investment with a projected -11.83% first-year return on $51,030 initial cash invested.

-11.83%

Cash On Cash

4.55%

Cap Rate

0.69

DSCR

$1,639

Rent

-$503

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,639 income − $2,142 expenses = $503 out of pocket

Income$1,639Out of Pocket$503Mortgage P&I$1,34382%Property Taxes$28718%Insurance$865%Management$16410%CapEx$825%Vacancy$986%Maintenance$825%

Investment Breakdown

|

Purchase Price

$243k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$51,030

Downpayment

20%

$48,600

Closing costs

1%

$2,430

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,639

Total Expenses

$2,142

Mortgage P&I

82%

$1,343

Property Taxes

18%

$287

Home Insurance

5%

$86

HOA

0%

$0

Property Management

10%

$164

CapEx

5%

$82

Vacancy

6%

$98

Maintenance

5%

$82

Other

0%

$0

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