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$2,124 (target)

2304 Parkhill Dr, Norwalk, IA 50211

3 beds • 2 baths • 896 sqft

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This property looks like a bad Mid-Term investment with a projected -5.76% first-year return on $69,618 initial cash invested.

-5.76%

Cash On Cash

5.25%

Cap Rate

0.81

DSCR

$2,124

Rent

-$334

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,124 income − $2,458 expenses = $334 out of pocket

Income$2,124Out of Pocket$334Mortgage P&I$1,32562%Property Taxes$32215%Insurance$884%Management$25512%CapEx$854%Vacancy$643%Maintenance$854%Other$23411%

Investment Breakdown

|

Purchase Price

$246k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$69,618

Downpayment

20%

$49,160

Closing costs

1%

$2,458

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,124

Total Expenses

$2,458

Mortgage P&I

62%

$1,325

Property Taxes

15%

$322

Home Insurance

4%

$88

HOA

0%

$0

Property Management

12%

$255

CapEx

4%

$85

Vacancy

3%

$64

Maintenance

4%

$85

Other

11%

$234

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