REI Lense

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$1,900 (target)

2261 Tamerac Cir, Marion, IA 52302

3 beds • 2 baths • 1456 sqft

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This property looks like a bad Long-Term investment with a projected -13.65% first-year return on $62,853 initial cash invested.

-13.65%

Cash On Cash

3.73%

Cap Rate

0.6

DSCR

$1,900

Rent

-$715

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,900 income − $2,615 expenses = $715 out of pocket

Income$1,900Out of Pocket$715Mortgage P&I$1,55082%Property Taxes$46424%Insurance$1076%Management$19010%CapEx$955%Vacancy$1146%Maintenance$955%

Investment Breakdown

|

Purchase Price

$299k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$62,853

Downpayment

20%

$59,860

Closing costs

1%

$2,993

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,900

Total Expenses

$2,615

Mortgage P&I

82%

$1,550

Property Taxes

24%

$464

Home Insurance

6%

$107

HOA

0%

$0

Property Management

10%

$190

CapEx

5%

$95

Vacancy

6%

$114

Maintenance

5%

$95

Other

0%

$0

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