REI Lense

REI Lense

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$1,254 (target)

2211 W 3rd St, Waterloo, IA 50701

3 beds • 2 baths • 1589 sqft

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This property looks like a bad Long-Term investment with a projected -10.08% first-year return on $40,131 initial cash invested.

-10.08%

Cash On Cash

4.38%

Cap Rate

0.72

DSCR

$1,254

Rent

-$337

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,254 income − $1,591 expenses = $337 out of pocket

Income$1,254Out of Pocket$337Mortgage P&I$97278%Property Taxes$23619%Insurance$575%Management$12510%CapEx$635%Vacancy$756%Maintenance$635%

Investment Breakdown

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Purchase Price

$191k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$40,131

Downpayment

20%

$38,220

Closing costs

1%

$1,911

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,254

Total Expenses

$1,591

Mortgage P&I

78%

$972

Property Taxes

19%

$236

Home Insurance

5%

$57

HOA

0%

$0

Property Management

10%

$125

CapEx

5%

$63

Vacancy

6%

$75

Maintenance

5%

$63

Other

0%

$0

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