REI Lense

REI Lense

Unlock all features! Tap here to upgrade

215 Lake Ave, Storm Lake, IA 50588

3 beds • 3 baths • 2532 sqft

Email

This property looks like a bad Airbnb investment with a projected -13.61% first-year return on $85,095 initial cash invested.

-13.61%

Cash On Cash

2.76%

Cap Rate

0.46

DSCR

$2,565

Rent

-$965

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,565 income − $3,530 expenses = $965 out of pocket

Income$2,565Out of Pocket$965Mortgage P&I$1,59662%Property Taxes$58623%Insurance$1165%Management$38515%CapEx$1034%Maintenance$1034%Other$64125%

Investment Breakdown

|

Purchase Price

$320k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$85,095

Downpayment

20%

$63,900

Closing costs

1%

$3,195

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,565

Total Expenses

$3,530

Mortgage P&I

62%

$1,596

Property Taxes

23%

$586

Home Insurance

5%

$116

HOA

0%

$0

Property Management

15%

$385

CapEx

4%

$103

Vacancy

0%

$0

Maintenance

4%

$103

Other

25%

$641

Enter a Property Address for Instant Investment Analysis

Fast and accurate real estate investment analysis