REI Lense

REI Lense

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$1,517 (target)

2807 Avenue L, Council Bluffs, IA 51501

3 beds • 2 baths • 1460 sqft

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This property looks like a bad Long-Term investment with a projected -4.6% first-year return on $38,094 initial cash invested.

-4.6%

Cash On Cash

5.99%

Cap Rate

0.93

DSCR

$1,517

Rent

-$146

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,517 income − $1,663 expenses = $146 out of pocket

Income$1,517Out of Pocket$146Mortgage P&I$97564%Property Taxes$22815%Insurance$654%Management$15210%CapEx$765%Vacancy$916%Maintenance$765%

Investment Breakdown

|

Purchase Price

$181k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$38,094

Downpayment

20%

$36,280

Closing costs

1%

$1,814

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,517

Total Expenses

$1,663

Mortgage P&I

64%

$975

Property Taxes

15%

$228

Home Insurance

4%

$65

HOA

0%

$0

Property Management

10%

$152

CapEx

5%

$76

Vacancy

6%

$91

Maintenance

5%

$76

Other

0%

$0

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