REI Lense

REI Lense

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$3,206 (target)

3005 29th Ave, Marion, IA 52302

3 beds • 2 baths • 1704 sqft

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This property might be a fair Mid-Term investment with a projected 6.33% first-year return on $70,290 initial cash invested.

6.33%

Cash On Cash

8.79%

Cap Rate

1.38

DSCR

$3,206

Rent

$371

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$249k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$70,290

Downpayment

20%

$49,800

Closing costs

1%

$2,490

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$3,206

Total Expenses

$2,835

Mortgage P&I

41%

$1,324

Property Taxes

10%

$334

Home Insurance

3%

$87

HOA

0%

$0

Property Management

12%

$385

CapEx

4%

$128

Vacancy

3%

$96

Maintenance

4%

$128

Other

11%

$353

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