REI Lense

REI Lense

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$1,491 (target)

305 Monona St, Boone, IA 50036

3 beds • 2 baths • 1370 sqft

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This property looks like a bad Long-Term investment with a projected -13.56% first-year return on $48,216 initial cash invested.

-13.56%

Cash On Cash

4.05%

Cap Rate

0.62

DSCR

$1,491

Rent

-$545

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,491 income − $2,036 expenses = $545 out of pocket

Income$1,491Out of Pocket$545Mortgage P&I$1,24584%Property Taxes$32021%Insurance$836%Management$14910%CapEx$755%Vacancy$896%Maintenance$755%

Investment Breakdown

|

Purchase Price

$230k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$48,216

Downpayment

20%

$45,920

Closing costs

1%

$2,296

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,491

Total Expenses

$2,036

Mortgage P&I

84%

$1,245

Property Taxes

21%

$320

Home Insurance

6%

$83

HOA

0%

$0

Property Management

10%

$149

CapEx

5%

$75

Vacancy

6%

$89

Maintenance

5%

$75

Other

0%

$0

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