REI Lense

REI Lense

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$2,385 (target)

2894 50th St, Marion, IA 52302

3 beds • 2 baths • 1728 sqft

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This property looks like a bad Long-Term investment with a projected -14.22% first-year return on $79,569 initial cash invested.

-14.22%

Cash On Cash

3.47%

Cap Rate

0.57

DSCR

$2,385

Rent

-$943

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,385 income − $3,328 expenses = $943 out of pocket

Income$2,385Out of Pocket$943Mortgage P&I$1,92081%Property Taxes$65427%Insurance$1356%Management$23810%CapEx$1195%Vacancy$1436%Maintenance$1195%

Investment Breakdown

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Purchase Price

$379k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$79,569

Downpayment

20%

$75,780

Closing costs

1%

$3,789

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,385

Total Expenses

$3,328

Mortgage P&I

81%

$1,920

Property Taxes

27%

$654

Home Insurance

6%

$135

HOA

0%

$0

Property Management

10%

$238

CapEx

5%

$119

Vacancy

6%

$143

Maintenance

5%

$119

Other

0%

$0

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