REI Lense

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$4,350 (target)

301 N 7th Ave, Iowa City, IA 52245

3 beds • 2 baths • 3412 sqft

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This property looks like a bad Mid-Term investment with a projected -2.26% first-year return on $115k initial cash invested.

-2.26%

Cash On Cash

6.1%

Cap Rate

0.98

DSCR

$4,350

Rent

-$216

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,350 income − $4,566 expenses = $216 out of pocket

Income$4,350Out of Pocket$216Mortgage P&I$2,38155%Property Taxes$54613%Insurance$1614%Management$52212%CapEx$1744%Vacancy$1303%Maintenance$1744%Other$47811%

Investment Breakdown

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Purchase Price

$460k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$115k

Downpayment

20%

$91,980

Closing costs

1%

$4,599

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$4,350

Total Expenses

$4,566

Mortgage P&I

55%

$2,381

Property Taxes

13%

$546

Home Insurance

4%

$161

HOA

0%

$0

Property Management

12%

$522

CapEx

4%

$174

Vacancy

3%

$130

Maintenance

4%

$174

Other

11%

$478

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