REI Lense

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$4,230 (target)

3020 Redbud Cir, Ames, IA 50014

3 beds • 4 baths • 2058 sqft

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This property might be a fair Mid-Term investment with a projected 0.45% first-year return on $106k initial cash invested.

0.45%

Cash On Cash

6.69%

Cap Rate

1.1

DSCR

$4,230

Rent

$40

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,230 income − $4,190 expenses = $40 cash flow

Income$4,230Mortgage P&I$2,11950%Property Taxes$45711%Insurance$1524%HOA$241%Management$50812%CapEx$1694%Vacancy$1273%Maintenance$1694%Other$46511%Cash Flow$40

Investment Breakdown

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Purchase Price

$417k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$106k

Downpayment

20%

$83,480

Closing costs

1%

$4,174

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$4,230

Total Expenses

$4,190

Mortgage P&I

50%

$2,119

Property Taxes

11%

$457

Home Insurance

4%

$152

HOA

1%

$24

Property Management

12%

$508

CapEx

4%

$169

Vacancy

3%

$127

Maintenance

4%

$169

Other

11%

$465

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