REI Lense

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$1,400 (target)

2465 1st Ave, Marion, IA 52302

3 beds • 2 baths • 925 sqft

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This property looks like a bad Long-Term investment with a projected -10.29% first-year return on $40,950 initial cash invested.

-10.29%

Cash On Cash

4.98%

Cap Rate

0.74

DSCR

$1,400

Rent

-$351

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,400 income − $1,751 expenses = $351 out of pocket

Income$1,400Out of Pocket$351Mortgage P&I$1,09178%Property Taxes$22816%Insurance$685%Management$14010%CapEx$705%Vacancy$846%Maintenance$705%

Investment Breakdown

|

Purchase Price

$195k

Downpayment

20.0%

Interest Rate

7.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$40,950

Downpayment

20%

$39,000

Closing costs

1%

$1,950

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,400

Total Expenses

$1,751

Mortgage P&I

78%

$1,091

Property Taxes

16%

$228

Home Insurance

5%

$68

HOA

0%

$0

Property Management

10%

$140

CapEx

5%

$70

Vacancy

6%

$84

Maintenance

5%

$70

Other

0%

$0

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