REI Lense

REI Lense

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$3,302 (target)

2520 Minnewasta Rd, Rapid City, SD 57702

3 beds • 2 baths • 1865 sqft

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This property looks like a bad Mid-Term investment with a projected -2.88% first-year return on $97,590 initial cash invested.

-2.88%

Cash On Cash

5.85%

Cap Rate

0.95

DSCR

$3,302

Rent

-$234

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,302 income − $3,536 expenses = $234 out of pocket

Income$3,302Out of Pocket$234Mortgage P&I$1,94959%Property Taxes$33210%Insurance$1334%Management$39612%CapEx$1324%Vacancy$993%Maintenance$1324%Other$36311%

Investment Breakdown

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Purchase Price

$379k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$97,590

Downpayment

20%

$75,800

Closing costs

1%

$3,790

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,302

Total Expenses

$3,536

Mortgage P&I

59%

$1,949

Property Taxes

10%

$332

Home Insurance

4%

$133

HOA

0%

$0

Property Management

12%

$396

CapEx

4%

$132

Vacancy

3%

$99

Maintenance

4%

$132

Other

11%

$363

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