REI Lense

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$1,749 (target)

310 SE 7th St, Ankeny, IA 50021

3 beds • 2 baths • 1505 sqft

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This property looks like a bad Long-Term investment with a projected -13.63% first-year return on $61,362 initial cash invested.

-13.63%

Cash On Cash

3.76%

Cap Rate

0.6

DSCR

$1,749

Rent

-$697

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,749 income − $2,446 expenses = $697 out of pocket

Income$1,749Out of Pocket$697Mortgage P&I$1,52687%Property Taxes$36321%Insurance$1036%Management$17510%CapEx$875%Vacancy$1056%Maintenance$875%

Investment Breakdown

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Purchase Price

$292k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$61,362

Downpayment

20%

$58,440

Closing costs

1%

$2,922

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,749

Total Expenses

$2,446

Mortgage P&I

87%

$1,526

Property Taxes

21%

$363

Home Insurance

6%

$103

HOA

0%

$0

Property Management

10%

$175

CapEx

5%

$87

Vacancy

6%

$105

Maintenance

5%

$87

Other

0%

$0

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