REI Lense

REI Lense

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$1,618 (target)

23330 S Airport Rd, Rapid City, SD 57703

3 beds • 3 baths • 1652 sqft

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This property looks like a bad Long-Term investment with a projected -26.92% first-year return on $146k initial cash invested.

-26.92%

Cash On Cash

1.18%

Cap Rate

0.18

DSCR

$1,618

Rent

-$3,274

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,618 income − $4,892 expenses = $3,274 out of pocket

Income$1,618Out of Pocket$3,274Mortgage P&I$3,874239%Property Taxes$35422%Insurance$24315%Management$16210%CapEx$815%Vacancy$976%Maintenance$815%

Investment Breakdown

|

Purchase Price

$695k

Downpayment

20.0%

Interest Rate

7.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$146k

Downpayment

20%

$139k

Closing costs

1%

$6,950

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,618

Total Expenses

$4,892

Mortgage P&I

239%

$3,874

Property Taxes

22%

$354

Home Insurance

15%

$243

HOA

0%

$0

Property Management

10%

$162

CapEx

5%

$81

Vacancy

6%

$97

Maintenance

5%

$81

Other

0%

$0

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