REI Lense

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$2,457 (target)

209 Norwood Dr, Council Bluffs, IA 51503

3 beds • 3 baths • 2988 sqft

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This property looks like a bad Long-Term investment with a projected -20.19% first-year return on $111k initial cash invested.

-20.19%

Cash On Cash

2.68%

Cap Rate

0.4

DSCR

$2,457

Rent

-$1,860

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,457 income − $4,317 expenses = $1,860 out of pocket

Income$2,457Out of Pocket$1,860Mortgage P&I$2,914119%Property Taxes$56723%Insurance$1898%HOA$8Management$24610%CapEx$1235%Vacancy$1476%Maintenance$1235%

Investment Breakdown

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Purchase Price

$527k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$111k

Downpayment

20%

$105k

Closing costs

1%

$5,265

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,457

Total Expenses

$4,317

Mortgage P&I

119%

$2,914

Property Taxes

23%

$567

Home Insurance

8%

$189

HOA

0%

$8

Property Management

10%

$246

CapEx

5%

$123

Vacancy

6%

$147

Maintenance

5%

$123

Other

0%

$0

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