REI Lense

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$2,312 (target)

2249 Bluegrass St, Marion, IA 52302

3 beds • 3 baths • 2197 sqft

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This property looks like a bad Long-Term investment with a projected -13.11% first-year return on $79,653 initial cash invested.

-13.11%

Cash On Cash

3.8%

Cap Rate

0.61

DSCR

$2,312

Rent

-$870

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,312 income − $3,182 expenses = $870 out of pocket

Income$2,312Out of Pocket$870Mortgage P&I$1,95585%Property Taxes$49021%Insurance$1356%Management$23110%CapEx$1165%Vacancy$1396%Maintenance$1165%

Investment Breakdown

|

Purchase Price

$379k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$79,653

Downpayment

20%

$75,860

Closing costs

1%

$3,793

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,312

Total Expenses

$3,182

Mortgage P&I

85%

$1,955

Property Taxes

21%

$490

Home Insurance

6%

$135

HOA

0%

$0

Property Management

10%

$231

CapEx

5%

$116

Vacancy

6%

$139

Maintenance

5%

$116

Other

0%

$0

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