REI Lense

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$2,506 (target)

218 La Salle Dr SW, Cedar Rapids, IA 52404

3 beds • 3 baths • 1597 sqft

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This property looks like a bad Mid-Term investment with a projected -0.65% first-year return on $70,164 initial cash invested.

-0.65%

Cash On Cash

6.85%

Cap Rate

1.05

DSCR

$2,506

Rent

-$38

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,506 income − $2,544 expenses = $38 out of pocket

Income$2,506Out of Pocket$38Mortgage P&I$1,35554%Property Taxes$24810%Insurance$894%Management$30112%CapEx$1004%Vacancy$753%Maintenance$1004%Other$27611%

Investment Breakdown

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Purchase Price

$248k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$70,164

Downpayment

20%

$49,680

Closing costs

1%

$2,484

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,506

Total Expenses

$2,544

Mortgage P&I

54%

$1,355

Property Taxes

10%

$248

Home Insurance

4%

$89

HOA

0%

$0

Property Management

12%

$301

CapEx

4%

$100

Vacancy

3%

$75

Maintenance

4%

$100

Other

11%

$276

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