REI Lense

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$2,276 (target)

2807 Avenue L, Council Bluffs, IA 51501

3 beds • 2 baths • 1460 sqft

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This property might be a fair Mid-Term investment with a projected 5.03% first-year return on $56,094 initial cash invested.

5.03%

Cash On Cash

8.61%

Cap Rate

1.33

DSCR

$2,276

Rent

$235

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,276 income − $2,041 expenses = $235 cash flow

Income$2,276Mortgage P&I$97543%Property Taxes$22810%Insurance$653%Management$27312%CapEx$914%Vacancy$683%Maintenance$914%Other$25011%Cash Flow$235

Investment Breakdown

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Purchase Price

$181k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$56,094

Downpayment

20%

$36,280

Closing costs

1%

$1,814

Rehab

0%

$0

Furnishing

10%

$18,000

Cashflow

Total Income

$2,276

Total Expenses

$2,041

Mortgage P&I

43%

$975

Property Taxes

10%

$228

Home Insurance

3%

$65

HOA

0%

$0

Property Management

12%

$273

CapEx

4%

$91

Vacancy

3%

$68

Maintenance

4%

$91

Other

11%

$250

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