REI Lense

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$2,216 (target)

215 Lake Ave, Storm Lake, IA 50588

3 beds • 3 baths • 2532 sqft

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This property looks like a bad Mid-Term investment with a projected -11.79% first-year return on $85,095 initial cash invested.

-11.79%

Cash On Cash

3.19%

Cap Rate

0.53

DSCR

$2,216

Rent

-$836

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,216 income − $3,052 expenses = $836 out of pocket

Income$2,216Out of Pocket$836Mortgage P&I$1,59672%Property Taxes$58626%Insurance$1165%Management$26612%CapEx$894%Vacancy$663%Maintenance$894%Other$24411%

Investment Breakdown

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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

$2,216

Total Expenses

$3,052

Mortgage P&I

72%

$1,596

Property Taxes

26%

$586

Home Insurance

5%

$116

HOA

0%

$0

Property Management

12%

$266

CapEx

4%

$89

Vacancy

3%

$66

Maintenance

4%

$89

Other

11%

$244

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