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$2,688 (target)

214 Locust Lodge Ave, Council Bluffs, IA 51503

3 beds • 2 baths • 1934 sqft

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This property might be a fair Mid-Term investment with a projected 6.8% first-year return on $62,142 initial cash invested.

6.8%

Cash On Cash

9.09%

Cap Rate

1.41

DSCR

$2,688

Rent

$352

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,688 income − $2,336 expenses = $352 cash flow

Income$2,688Mortgage P&I$1,13342%Property Taxes$2128%Insurance$753%Management$32312%CapEx$1084%Vacancy$813%Maintenance$1084%Other$29611%Cash Flow$352

Investment Breakdown

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Purchase Price

$210k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$62,142

Downpayment

20%

$42,040

Closing costs

1%

$2,102

Rehab

0%

$0

Furnishing

9%

$18,000

Cashflow

Total Income

$2,688

Total Expenses

$2,336

Mortgage P&I

42%

$1,133

Property Taxes

8%

$212

Home Insurance

3%

$75

HOA

0%

$0

Property Management

12%

$323

CapEx

4%

$108

Vacancy

3%

$81

Maintenance

4%

$108

Other

11%

$296

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