REI Lense

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$3,578 (target)

2894 50th St, Marion, IA 52302

3 beds • 2 baths • 1728 sqft

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This property looks like a bad Mid-Term investment with a projected -4.27% first-year return on $97,569 initial cash invested.

-4.27%

Cash On Cash

5.43%

Cap Rate

0.89

DSCR

$3,578

Rent

-$347

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,578 income − $3,925 expenses = $347 out of pocket

Income$3,578Out of Pocket$347Mortgage P&I$1,92054%Property Taxes$65418%Insurance$1354%Management$42912%CapEx$1434%Vacancy$1073%Maintenance$1434%Other$39411%

Investment Breakdown

|

Purchase Price

$379k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$97,569

Downpayment

20%

$75,780

Closing costs

1%

$3,789

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,578

Total Expenses

$3,925

Mortgage P&I

54%

$1,920

Property Taxes

18%

$654

Home Insurance

4%

$135

HOA

0%

$0

Property Management

12%

$429

CapEx

4%

$143

Vacancy

3%

$107

Maintenance

4%

$143

Other

11%

$394

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