REI Lense

REI Lense

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$2,433 (target)

2517 Clayton Dr, Ames, IA 50010

3 beds • 3 baths • 1716 sqft

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This property looks like a bad Long-Term investment with a projected -8.88% first-year return on $75,915 initial cash invested.

-8.88%

Cash On Cash

4.74%

Cap Rate

0.76

DSCR

$2,433

Rent

-$562

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,433 income − $2,995 expenses = $562 out of pocket

Income$2,433Out of Pocket$562Mortgage P&I$1,86877%Property Taxes$35014%Insurance$1315%HOA$131%Management$24310%CapEx$1225%Vacancy$1466%Maintenance$1225%

Investment Breakdown

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Purchase Price

$362k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$75,915

Downpayment

20%

$72,300

Closing costs

1%

$3,615

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,433

Total Expenses

$2,995

Mortgage P&I

77%

$1,868

Property Taxes

14%

$350

Home Insurance

5%

$131

HOA

1%

$13

Property Management

10%

$243

CapEx

5%

$122

Vacancy

6%

$146

Maintenance

5%

$122

Other

0%

$0

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