REI Lense

REI Lense

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$1,184 (target)

232 N 22nd St, Fort Dodge, IA 50501

3 beds • 2 baths • 1441 sqft

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This property looks like a bad Long-Term investment with a projected -3.58% first-year return on $28,119 initial cash invested.

-3.58%

Cash On Cash

6.2%

Cap Rate

0.97

DSCR

$1,184

Rent

-$84

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,184 income − $1,268 expenses = $84 out of pocket

Income$1,184Out of Pocket$84Mortgage P&I$71761%Property Taxes$19416%Insurance$504%Management$11810%CapEx$595%Vacancy$716%Maintenance$595%

Investment Breakdown

|

Purchase Price

$134k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$28,119

Downpayment

20%

$26,780

Closing costs

1%

$1,339

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,184

Total Expenses

$1,268

Mortgage P&I

61%

$717

Property Taxes

16%

$194

Home Insurance

4%

$50

HOA

0%

$0

Property Management

10%

$118

CapEx

5%

$59

Vacancy

6%

$71

Maintenance

5%

$59

Other

0%

$0

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