REI Lense

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$3,468 (target)

2249 Bluegrass St, Marion, IA 52302

3 beds • 3 baths • 2197 sqft

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This property looks like a bad Mid-Term investment with a projected -3.58% first-year return on $97,653 initial cash invested.

-3.58%

Cash On Cash

5.7%

Cap Rate

0.92

DSCR

$3,468

Rent

-$291

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,468 income − $3,759 expenses = $291 out of pocket

Income$3,468Out of Pocket$291Mortgage P&I$1,95556%Property Taxes$49014%Insurance$1354%Management$41612%CapEx$1394%Vacancy$1043%Maintenance$1394%Other$38111%

Investment Breakdown

|

Purchase Price

$379k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$97,653

Downpayment

20%

$75,860

Closing costs

1%

$3,793

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,468

Total Expenses

$3,759

Mortgage P&I

56%

$1,955

Property Taxes

14%

$490

Home Insurance

4%

$135

HOA

0%

$0

Property Management

12%

$416

CapEx

4%

$139

Vacancy

3%

$104

Maintenance

4%

$139

Other

11%

$381

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