REI Lense

REI Lense

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$2,228 (target)

2348 Elm St, Davenport, IA 52803

3 beds • 3 baths • 1672 sqft

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This property looks like a bad Long-Term investment with a projected -2.81% first-year return on $56,406 initial cash invested.

-2.81%

Cash On Cash

6.13%

Cap Rate

0.98

DSCR

$2,228

Rent

-$132

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,228 income − $2,360 expenses = $132 out of pocket

Income$2,228Out of Pocket$132Mortgage P&I$1,39463%Property Taxes$29113%Insurance$964%Management$22310%CapEx$1115%Vacancy$1346%Maintenance$1115%

Investment Breakdown

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Purchase Price

$269k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$56,406

Downpayment

20%

$53,720

Closing costs

1%

$2,686

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,228

Total Expenses

$2,360

Mortgage P&I

63%

$1,394

Property Taxes

13%

$291

Home Insurance

4%

$96

HOA

0%

$0

Property Management

10%

$223

CapEx

5%

$111

Vacancy

6%

$134

Maintenance

5%

$111

Other

0%

$0

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