REI Lense

REI Lense

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$1,425 (target)

2937 22nd Ave N, Fort Dodge, IA 50501

3 beds • 3 baths • 2364 sqft

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This property looks like a bad Long-Term investment with a projected -14.52% first-year return on $49,182 initial cash invested.

-14.52%

Cash On Cash

3.82%

Cap Rate

0.59

DSCR

$1,425

Rent

-$595

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,425 income − $2,020 expenses = $595 out of pocket

Income$1,425Out of Pocket$595Mortgage P&I$1,27089%Property Taxes$29621%Insurance$846%Management$14210%CapEx$715%Vacancy$866%Maintenance$715%

Investment Breakdown

|

Purchase Price

$234k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$49,182

Downpayment

20%

$46,840

Closing costs

1%

$2,342

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,425

Total Expenses

$2,020

Mortgage P&I

89%

$1,270

Property Taxes

21%

$296

Home Insurance

6%

$84

HOA

0%

$0

Property Management

10%

$142

CapEx

5%

$71

Vacancy

6%

$86

Maintenance

5%

$71

Other

0%

$0

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