REI Lense

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$2,054 (target)

3114 Eastern Ave NE, Cedar Rapids, IA 52402

3 beds • 2 baths • 1705 sqft

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This property might be a fair Long-Term investment with a projected 2.02% first-year return on $44,520 initial cash invested.

2.02%

Cash On Cash

7.18%

Cap Rate

1.16

DSCR

$2,054

Rent

$75

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,054 income − $1,979 expenses = $75 cash flow

Income$2,054Mortgage P&I$1,09153%Property Taxes$27814%Insurance$764%Management$20510%CapEx$1035%Vacancy$1236%Maintenance$1035%Cash Flow$75

Investment Breakdown

|

Purchase Price

$212k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$44,520

Downpayment

20%

$42,400

Closing costs

1%

$2,120

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,054

Total Expenses

$1,979

Mortgage P&I

53%

$1,091

Property Taxes

14%

$278

Home Insurance

4%

$76

HOA

0%

$0

Property Management

10%

$205

CapEx

5%

$103

Vacancy

6%

$123

Maintenance

5%

$103

Other

0%

$0

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