REI Lense

REI Lense

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$2,820 (target)

3020 Redbud Cir, Ames, IA 50014

3 beds • 4 baths • 2058 sqft

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This property looks like a bad Long-Term investment with a projected -9.1% first-year return on $87,654 initial cash invested.

-9.1%

Cash On Cash

4.59%

Cap Rate

0.75

DSCR

$2,820

Rent

-$665

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,820 income − $3,485 expenses = $665 out of pocket

Income$2,820Out of Pocket$665Mortgage P&I$2,11975%Property Taxes$45716%Insurance$1525%HOA$241%Management$28210%CapEx$1415%Vacancy$1696%Maintenance$1415%

Investment Breakdown

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Purchase Price

$417k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$87,654

Downpayment

20%

$83,480

Closing costs

1%

$4,174

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,820

Total Expenses

$3,485

Mortgage P&I

75%

$2,119

Property Taxes

16%

$457

Home Insurance

5%

$152

HOA

1%

$24

Property Management

10%

$282

CapEx

5%

$141

Vacancy

6%

$169

Maintenance

5%

$141

Other

0%

$0

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