REI Lense

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$2,236 (target)

305 Monona St, Boone, IA 50036

3 beds • 2 baths • 1370 sqft

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This property looks like a bad Mid-Term investment with a projected -3.1% first-year return on $66,216 initial cash invested.

-3.1%

Cash On Cash

6.08%

Cap Rate

0.93

DSCR

$2,236

Rent

-$171

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,236 income − $2,407 expenses = $171 out of pocket

Income$2,236Out of Pocket$171Mortgage P&I$1,24556%Property Taxes$32014%Insurance$834%Management$26812%CapEx$894%Vacancy$673%Maintenance$894%Other$24611%

Investment Breakdown

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Purchase Price

$230k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$66,216

Downpayment

20%

$45,920

Closing costs

1%

$2,296

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,236

Total Expenses

$2,407

Mortgage P&I

56%

$1,245

Property Taxes

14%

$320

Home Insurance

4%

$83

HOA

0%

$0

Property Management

12%

$268

CapEx

4%

$89

Vacancy

3%

$67

Maintenance

4%

$89

Other

11%

$246

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