REI Lense

REI Lense

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$1,294 (target)

306 Cherry Hill Rd SW, Cedar Rapids, IA 52404

3 beds • 2 baths • 925 sqft

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This property looks like a bad Long-Term investment with a projected -13.97% first-year return on $43,386 initial cash invested.

-13.97%

Cash On Cash

4.08%

Cap Rate

0.61

DSCR

$1,294

Rent

-$505

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,294 income − $1,799 expenses = $505 out of pocket

Income$1,294Out of Pocket$505Mortgage P&I$1,14288%Property Taxes$24619%Insurance$746%Management$12910%CapEx$655%Vacancy$786%Maintenance$655%

Investment Breakdown

|

Purchase Price

$207k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$43,386

Downpayment

20%

$41,320

Closing costs

1%

$2,066

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,294

Total Expenses

$1,799

Mortgage P&I

88%

$1,142

Property Taxes

19%

$246

Home Insurance

6%

$74

HOA

0%

$0

Property Management

10%

$129

CapEx

5%

$65

Vacancy

6%

$78

Maintenance

5%

$65

Other

0%

$0

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