REI Lense

REI Lense

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$1,549 (target)

2312 B Ave NE, Cedar Rapids, IA 52402

3 beds • 2 baths • 1620 sqft

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This property looks like a bad Long-Term investment with a projected -9.9% first-year return on $46,536 initial cash invested.

-9.9%

Cash On Cash

4.97%

Cap Rate

0.75

DSCR

$1,549

Rent

-$384

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,549 income − $1,933 expenses = $384 out of pocket

Income$1,549Out of Pocket$384Mortgage P&I$1,22479%Property Taxes$22715%Insurance$805%Management$15510%CapEx$775%Vacancy$936%Maintenance$775%

Investment Breakdown

|

Purchase Price

$222k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$46,536

Downpayment

20%

$44,320

Closing costs

1%

$2,216

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,549

Total Expenses

$1,933

Mortgage P&I

79%

$1,224

Property Taxes

15%

$227

Home Insurance

5%

$80

HOA

0%

$0

Property Management

10%

$155

CapEx

5%

$77

Vacancy

6%

$93

Maintenance

5%

$77

Other

0%

$0

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