REI Lense

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$1,581 (target)

3110 56th St, Des Moines, IA 50310

3 beds • 2 baths • 660 sqft

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This property looks like a bad Mid-Term investment with a projected -7.56% first-year return on $63,339 initial cash invested.

-7.56%

Cash On Cash

4.6%

Cap Rate

0.71

DSCR

$1,581

Rent

-$399

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$216k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$63,339

Downpayment

20%

$43,180

Closing costs

1%

$2,159

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$1,581

Total Expenses

$1,980

Mortgage P&I

74%

$1,164

Property Taxes

13%

$202

Home Insurance

5%

$77

HOA

0%

$0

Property Management

12%

$190

CapEx

4%

$63

Vacancy

3%

$47

Maintenance

4%

$63

Other

11%

$174

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