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2924 61st St, Des Moines, IA 50322

3 beds • 2 baths • 1440 sqft

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This property looks like a bad Mid-Term investment with a projected -7.85% first-year return on $95,448 initial cash invested.

-7.85%

Cash On Cash

4.39%

Cap Rate

0.72

DSCR

$2,670

Rent

-$624

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$369k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$95,448

Downpayment

20%

$73,760

Closing costs

1%

$3,688

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,670

Total Expenses

$3,294

Mortgage P&I

70%

$1,865

Property Taxes

15%

$388

Home Insurance

5%

$133

HOA

0%

$0

Property Management

12%

$320

CapEx

4%

$107

Vacancy

3%

$80

Maintenance

4%

$107

Other

11%

$294

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