REI Lense

REI Lense

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$2,187 (target)

3104 Park Dr, Rapid City, SD 57702

3 beds • 3 baths • 2631 sqft

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This property looks like a bad Long-Term investment with a projected -21.5% first-year return on $126k initial cash invested.

-21.5%

Cash On Cash

2.05%

Cap Rate

0.32

DSCR

$2,187

Rent

-$2,258

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,187 income − $4,445 expenses = $2,258 out of pocket

Income$2,187Out of Pocket$2,258Mortgage P&I$3,172145%Property Taxes$49523%Insurance$21010%Management$21910%CapEx$1095%Vacancy$1316%Maintenance$1095%

Investment Breakdown

|

Purchase Price

$600k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$126k

Downpayment

20%

$120k

Closing costs

1%

$6,000

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,187

Total Expenses

$4,445

Mortgage P&I

145%

$3,172

Property Taxes

23%

$495

Home Insurance

10%

$210

HOA

0%

$0

Property Management

10%

$219

CapEx

5%

$109

Vacancy

6%

$131

Maintenance

5%

$109

Other

0%

$0

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