REI Lense

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$3,170 (target)

2608 2nd Ave NW, Watertown, SD 57201

3 beds • 2 baths • 2688 sqft

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This property looks like a bad Mid-Term investment with a projected -4.98% first-year return on $95,679 initial cash invested.

-4.98%

Cash On Cash

5.88%

Cap Rate

0.87

DSCR

$3,170

Rent

-$397

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,170 income − $3,567 expenses = $397 out of pocket

Income$3,170Out of Pocket$397Mortgage P&I$2,08366%Property Taxes$2769%Insurance$1304%Management$38012%CapEx$1274%Vacancy$953%Maintenance$1274%Other$34911%

Investment Breakdown

|

Purchase Price

$370k

Downpayment

20.0%

Interest Rate

7.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$95,679

Downpayment

20%

$73,980

Closing costs

1%

$3,699

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,170

Total Expenses

$3,567

Mortgage P&I

66%

$2,083

Property Taxes

9%

$276

Home Insurance

4%

$130

HOA

0%

$0

Property Management

12%

$380

CapEx

4%

$127

Vacancy

3%

$95

Maintenance

4%

$127

Other

11%

$349

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