REI Lense

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$2,676 (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 Mid-Term investment with a projected -0.62% first-year return on $73,293 initial cash invested.

-0.62%

Cash On Cash

6.92%

Cap Rate

1.05

DSCR

$2,676

Rent

-$38

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,676 income − $2,714 expenses = $38 out of pocket

Income$2,676Out of Pocket$38Mortgage P&I$1,45054%Property Taxes$26310%Insurance$923%Management$32112%CapEx$1074%Vacancy$803%Maintenance$1074%Other$29411%

Investment Breakdown

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Purchase Price

$263k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$73,293

Downpayment

20%

$52,660

Closing costs

1%

$2,633

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,676

Total Expenses

$2,714

Mortgage P&I

54%

$1,450

Property Taxes

10%

$263

Home Insurance

3%

$92

HOA

0%

$0

Property Management

12%

$321

CapEx

4%

$107

Vacancy

3%

$80

Maintenance

4%

$107

Other

11%

$294

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