REI Lense

REI Lense

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$1,666 (target)

2423 O Ave NW, Cedar Rapids, IA 52405

3 beds • 2 baths • 1696 sqft

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This property might be a fair Long-Term investment with a projected 0.8% first-year return on $34,650 initial cash invested.

0.8%

Cash On Cash

7.21%

Cap Rate

1.12

DSCR

$1,666

Rent

$23

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,666 income − $1,643 expenses = $23 cash flow

Income$1,666Mortgage P&I$88653%Property Taxes$26616%Insurance$583%Management$16710%CapEx$835%Vacancy$1006%Maintenance$835%Cash Flow$23

Investment Breakdown

|

Purchase Price

$165k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$34,650

Downpayment

20%

$33,000

Closing costs

1%

$1,650

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,666

Total Expenses

$1,643

Mortgage P&I

53%

$886

Property Taxes

16%

$266

Home Insurance

3%

$58

HOA

0%

$0

Property Management

10%

$167

CapEx

5%

$83

Vacancy

6%

$100

Maintenance

5%

$83

Other

0%

$0

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