REI Lense

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$2,062 (target)

232 Zelmar Dr, Waterloo, IA 50701

3 beds • 2 baths • 1814 sqft

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This property looks like a bad Mid-Term investment with a projected -2.12% first-year return on $58,425 initial cash invested.

-2.12%

Cash On Cash

6.5%

Cap Rate

0.98

DSCR

$2,062

Rent

-$103

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,062 income − $2,165 expenses = $103 out of pocket

Income$2,062Out of Pocket$103Mortgage P&I$1,06452%Property Taxes$33116%Insurance$703%Management$24712%CapEx$824%Vacancy$623%Maintenance$824%Other$22711%

Investment Breakdown

|

Purchase Price

$193k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$58,425

Downpayment

20%

$38,500

Closing costs

1%

$1,925

Rehab

0%

$0

Furnishing

9%

$18,000

Cashflow

Total Income

$2,062

Total Expenses

$2,165

Mortgage P&I

52%

$1,064

Property Taxes

16%

$331

Home Insurance

3%

$70

HOA

0%

$0

Property Management

12%

$247

CapEx

4%

$82

Vacancy

3%

$62

Maintenance

4%

$82

Other

11%

$227

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