REI Lense

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$1,713 (target)

2224 Highland Park Ave, Fort Dodge, IA 50501

3 beds • 2 baths • 1200 sqft

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This property might be a fair Mid-Term investment with a projected 7.7% first-year return on $43,179 initial cash invested.

7.7%

Cash On Cash

9.62%

Cap Rate

1.56

DSCR

$1,713

Rent

$277

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,713 income − $1,436 expenses = $277 cash flow

Income$1,713Mortgage P&I$61536%Property Taxes$19611%Insurance$422%Management$20612%CapEx$694%Vacancy$513%Maintenance$694%Other$18811%Cash Flow$277

Investment Breakdown

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Purchase Price

$120k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$43,179

Downpayment

20%

$23,980

Closing costs

1%

$1,199

Rehab

0%

$0

Furnishing

15%

$18,000

Cashflow

Total Income

$1,713

Total Expenses

$1,436

Mortgage P&I

36%

$615

Property Taxes

11%

$196

Home Insurance

2%

$42

HOA

0%

$0

Property Management

12%

$206

CapEx

4%

$69

Vacancy

3%

$51

Maintenance

4%

$69

Other

11%

$188

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