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$1,911 (target)

3117 SE Magnolia Dr, Ankeny, IA 50021

3 beds • 4 baths • 1428 sqft

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This property looks like a bad Long-Term investment with a projected -12.52% first-year return on $66,045 initial cash invested.

-12.52%

Cash On Cash

3.77%

Cap Rate

0.62

DSCR

$1,911

Rent

-$689

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,911 income − $2,600 expenses = $689 out of pocket

Income$1,911Out of Pocket$689Mortgage P&I$1,58183%Property Taxes$40921%Insurance$1126%Management$19110%CapEx$965%Vacancy$1156%Maintenance$965%

Investment Breakdown

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Purchase Price

$315k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$66,045

Downpayment

20%

$62,900

Closing costs

1%

$3,145

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,911

Total Expenses

$2,600

Mortgage P&I

83%

$1,581

Property Taxes

21%

$409

Home Insurance

6%

$112

HOA

0%

$0

Property Management

10%

$191

CapEx

5%

$96

Vacancy

6%

$115

Maintenance

5%

$96

Other

0%

$0

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