REI Lense

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$1,440 (target)

2420 Logan Ave, Des Moines, IA 50317

3 beds • 2 baths • 1059 sqft

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This property looks like a bad Long-Term investment with a projected -7.24% first-year return on $38,976 initial cash invested.

-7.24%

Cash On Cash

5.16%

Cap Rate

0.83

DSCR

$1,440

Rent

-$235

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,440 income − $1,675 expenses = $235 out of pocket

Income$1,440Out of Pocket$235Mortgage P&I$96167%Property Taxes$27419%Insurance$665%Management$14410%CapEx$725%Vacancy$866%Maintenance$725%

Investment Breakdown

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Purchase Price

$186k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$38,976

Downpayment

20%

$37,120

Closing costs

1%

$1,856

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,440

Total Expenses

$1,675

Mortgage P&I

67%

$961

Property Taxes

19%

$274

Home Insurance

5%

$66

HOA

0%

$0

Property Management

10%

$144

CapEx

5%

$72

Vacancy

6%

$86

Maintenance

5%

$72

Other

0%

$0

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