REI Lense

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$3,238 (target)

2924 Patricia Dr, Urbandale, IA 50322

3 beds • 4 baths • 2168 sqft

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This property looks like a bad Mid-Term investment with a projected -5.9% first-year return on $99,312 initial cash invested.

-5.9%

Cash On Cash

4.98%

Cap Rate

0.82

DSCR

$3,238

Rent

-$488

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,238 income − $3,726 expenses = $488 out of pocket

Income$3,238Out of Pocket$488Mortgage P&I$1,96661%Property Taxes$51816%Insurance$1404%Management$38912%CapEx$1304%Vacancy$973%Maintenance$1304%Other$35611%

Investment Breakdown

|

Purchase Price

$387k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$99,312

Downpayment

20%

$77,440

Closing costs

1%

$3,872

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,238

Total Expenses

$3,726

Mortgage P&I

61%

$1,966

Property Taxes

16%

$518

Home Insurance

4%

$140

HOA

0%

$0

Property Management

12%

$389

CapEx

4%

$130

Vacancy

3%

$97

Maintenance

4%

$130

Other

11%

$356

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