REI Lense

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$1,784 (target)

288 28th Ave SW, Cedar Rapids, IA 52404

3 beds • 2 baths • 2032 sqft

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This property looks like a bad Long-Term investment with a projected -10.5% first-year return on $55,293 initial cash invested.

-10.5%

Cash On Cash

4.81%

Cap Rate

0.73

DSCR

$1,784

Rent

-$484

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,784 income − $2,268 expenses = $484 out of pocket

Income$1,784Out of Pocket$484Mortgage P&I$1,45081%Property Taxes$26315%Insurance$925%Management$17810%CapEx$895%Vacancy$1076%Maintenance$895%

Investment Breakdown

|

Purchase Price

$263k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$55,293

Downpayment

20%

$52,660

Closing costs

1%

$2,633

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,784

Total Expenses

$2,268

Mortgage P&I

81%

$1,450

Property Taxes

15%

$263

Home Insurance

5%

$92

HOA

0%

$0

Property Management

10%

$178

CapEx

5%

$89

Vacancy

6%

$107

Maintenance

5%

$89

Other

0%

$0

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