REI Lense

REI Lense

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$2,113 (target)

2608 2nd Ave NW, Watertown, SD 57201

3 beds • 2 baths • 2688 sqft

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This property looks like a bad Long-Term investment with a projected -14.31% first-year return on $77,679 initial cash invested.

-14.31%

Cash On Cash

4.1%

Cap Rate

0.61

DSCR

$2,113

Rent

-$926

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,113 income − $3,039 expenses = $926 out of pocket

Income$2,113Out of Pocket$926Mortgage P&I$2,08399%Property Taxes$27613%Insurance$1306%Management$21110%CapEx$1065%Vacancy$1276%Maintenance$1065%

Investment Breakdown

|

Purchase Price

$370k

Downpayment

20.0%

Interest Rate

7.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$77,679

Downpayment

20%

$73,980

Closing costs

1%

$3,699

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,113

Total Expenses

$3,039

Mortgage P&I

99%

$2,083

Property Taxes

13%

$276

Home Insurance

6%

$130

HOA

0%

$0

Property Management

10%

$211

CapEx

5%

$106

Vacancy

6%

$127

Maintenance

5%

$106

Other

0%

$0

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