REI Lense

REI Lense

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$2,473 (target)

2414 E Garfield St, Davenport, IA 52803

3 beds • 3 baths • 2568 sqft

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This property looks like a bad Long-Term investment with a projected -9.6% first-year return on $76,251 initial cash invested.

-9.6%

Cash On Cash

4.69%

Cap Rate

0.74

DSCR

$2,473

Rent

-$610

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,473 income − $3,083 expenses = $610 out of pocket

Income$2,473Out of Pocket$610Mortgage P&I$1,90577%Property Taxes$40416%Insurance$1315%Management$24710%CapEx$1245%Vacancy$1486%Maintenance$1245%

Investment Breakdown

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Purchase Price

$363k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$76,251

Downpayment

20%

$72,620

Closing costs

1%

$3,631

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,473

Total Expenses

$3,083

Mortgage P&I

77%

$1,905

Property Taxes

16%

$404

Home Insurance

5%

$131

HOA

0%

$0

Property Management

10%

$247

CapEx

5%

$124

Vacancy

6%

$148

Maintenance

5%

$124

Other

0%

$0

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