REI Lense

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$1,839 (target)

2510 12th Ave, Marion, IA 52302

3 beds • 3 baths • 1879 sqft

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This property looks like a bad Long-Term investment with a projected -10.71% first-year return on $58,716 initial cash invested.

-10.71%

Cash On Cash

4.33%

Cap Rate

0.7

DSCR

$1,839

Rent

-$524

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,839 income − $2,363 expenses = $524 out of pocket

Income$1,839Out of Pocket$524Mortgage P&I$1,44178%Property Taxes$34319%Insurance$1015%Management$18410%CapEx$925%Vacancy$1106%Maintenance$925%

Investment Breakdown

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Purchase Price

$280k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$58,716

Downpayment

20%

$55,920

Closing costs

1%

$2,796

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,839

Total Expenses

$2,363

Mortgage P&I

78%

$1,441

Property Taxes

19%

$343

Home Insurance

5%

$101

HOA

0%

$0

Property Management

10%

$184

CapEx

5%

$92

Vacancy

6%

$110

Maintenance

5%

$92

Other

0%

$0

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