REI Lense

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$2,064 (target)

2703 NW 31st St, Ankeny, IA 50023

3 beds • 3 baths • 1169 sqft

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This property looks like a bad Long-Term investment with a projected -14.03% first-year return on $64,134 initial cash invested.

-14.03%

Cash On Cash

3.67%

Cap Rate

0.59

DSCR

$2,064

Rent

-$750

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,064 income − $2,814 expenses = $750 out of pocket

Income$2,064Out of Pocket$750Mortgage P&I$1,58177%Property Taxes$42921%Insurance$1085%HOA$1608%Management$20610%CapEx$1035%Vacancy$1246%Maintenance$1035%

Investment Breakdown

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Purchase Price

$305k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$64,134

Downpayment

20%

$61,080

Closing costs

1%

$3,054

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,064

Total Expenses

$2,814

Mortgage P&I

77%

$1,581

Property Taxes

21%

$429

Home Insurance

5%

$108

HOA

8%

$160

Property Management

10%

$206

CapEx

5%

$103

Vacancy

6%

$124

Maintenance

5%

$103

Other

0%

$0

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