REI Lense

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$2,150 (target)

223 Lynda Dr NW, Cedar Rapids, IA 52405

3 beds • 2 baths • 1656 sqft

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This property might be a fair Long-Term investment with a projected 8.28% first-year return on $39,291 initial cash invested.

8.28%

Cash On Cash

8.86%

Cap Rate

1.38

DSCR

$2,150

Rent

$271

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,150 income − $1,879 expenses = $271 cash flow

Income$2,150Mortgage P&I$1,00247%Property Taxes$25112%Insurance$663%Management$21510%CapEx$1085%Vacancy$1296%Maintenance$1085%Cash Flow$271

Investment Breakdown

|

Purchase Price

$187k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$39,291

Downpayment

20%

$37,420

Closing costs

1%

$1,871

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,150

Total Expenses

$1,879

Mortgage P&I

47%

$1,002

Property Taxes

12%

$251

Home Insurance

3%

$66

HOA

0%

$0

Property Management

10%

$215

CapEx

5%

$108

Vacancy

6%

$129

Maintenance

5%

$108

Other

0%

$0

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