REI Lense

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$2,173 (target)

2978 Lake Hill Dr, Des Moines, IA 50320

3 beds • 3 baths • 1253 sqft

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This property looks like a bad Long-Term investment with a projected -5.39% first-year return on $69,298 initial cash invested.

-5.39%

Cash On Cash

5.77%

Cap Rate

0.89

DSCR

$2,173

Rent

-$311

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,173 income − $2,484 expenses = $311 out of pocket

Income$2,173Out of Pocket$311Mortgage P&I$1,78982%Property Taxes$6Insurance$1165%HOA$8Management$21710%CapEx$1095%Vacancy$1306%Maintenance$1095%

Investment Breakdown

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Purchase Price

$330k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$69,298

Downpayment

20%

$65,998

Closing costs

1%

$3,300

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,173

Total Expenses

$2,484

Mortgage P&I

82%

$1,789

Property Taxes

0%

$6

Home Insurance

5%

$116

HOA

0%

$8

Property Management

10%

$217

CapEx

5%

$109

Vacancy

6%

$130

Maintenance

5%

$109

Other

0%

$0

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