REI Lense

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$2,850 (target)

2261 Tamerac Cir, Marion, IA 52302

3 beds • 2 baths • 1456 sqft

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This property looks like a bad Mid-Term investment with a projected -3.58% first-year return on $80,853 initial cash invested.

-3.58%

Cash On Cash

5.71%

Cap Rate

0.92

DSCR

$2,850

Rent

-$241

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,850 income − $3,091 expenses = $241 out of pocket

Income$2,850Out of Pocket$241Mortgage P&I$1,55054%Property Taxes$46416%Insurance$1074%Management$34212%CapEx$1144%Vacancy$863%Maintenance$1144%Other$31411%

Investment Breakdown

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Purchase Price

$299k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$80,853

Downpayment

20%

$59,860

Closing costs

1%

$2,993

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,850

Total Expenses

$3,091

Mortgage P&I

54%

$1,550

Property Taxes

16%

$464

Home Insurance

4%

$107

HOA

0%

$0

Property Management

12%

$342

CapEx

4%

$114

Vacancy

3%

$86

Maintenance

4%

$114

Other

11%

$314

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