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$2,160 (target)

2420 Logan Ave, Des Moines, IA 50317

3 beds • 2 baths • 1059 sqft

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This property might be a fair Mid-Term investment with a projected 2.63% first-year return on $56,976 initial cash invested.

2.63%

Cash On Cash

7.58%

Cap Rate

1.22

DSCR

$2,160

Rent

$125

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,160 income − $2,035 expenses = $125 cash flow

Income$2,160Mortgage P&I$96144%Property Taxes$27413%Insurance$663%Management$25912%CapEx$864%Vacancy$653%Maintenance$864%Other$23811%Cash Flow$125

Investment Breakdown

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Purchase Price

$186k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$56,976

Downpayment

20%

$37,120

Closing costs

1%

$1,856

Rehab

0%

$0

Furnishing

10%

$18,000

Cashflow

Total Income

$2,160

Total Expenses

$2,035

Mortgage P&I

44%

$961

Property Taxes

13%

$274

Home Insurance

3%

$66

HOA

0%

$0

Property Management

12%

$259

CapEx

4%

$86

Vacancy

3%

$65

Maintenance

4%

$86

Other

11%

$238

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