REI Lense

REI Lense

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$1,803 (target)

2305 Wayne Ave, Iowa City, IA 52240

3 beds • 3 baths • 1162 sqft

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This property looks like a bad Long-Term investment with a projected -12.33% first-year return on $55,650 initial cash invested.

-12.33%

Cash On Cash

4.42%

Cap Rate

0.67

DSCR

$1,803

Rent

-$572

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,803 income − $2,375 expenses = $572 out of pocket

Income$1,803Out of Pocket$572Mortgage P&I$1,45981%Property Taxes$35420%Insurance$945%Management$18010%CapEx$905%Vacancy$1086%Maintenance$905%

Investment Breakdown

|

Purchase Price

$265k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$55,650

Downpayment

20%

$53,000

Closing costs

1%

$2,650

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,803

Total Expenses

$2,375

Mortgage P&I

81%

$1,459

Property Taxes

20%

$354

Home Insurance

5%

$94

HOA

0%

$0

Property Management

10%

$180

CapEx

5%

$90

Vacancy

6%

$108

Maintenance

5%

$90

Other

0%

$0

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