REI Lense

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$2,452 (target)

322 Otsego St, Storm Lake, IA 50588

3 beds • 2 baths • 1921 sqft

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This property might be a fair Mid-Term investment with a projected 5.79% first-year return on $58,488 initial cash invested.

5.79%

Cash On Cash

8.53%

Cap Rate

1.38

DSCR

$2,452

Rent

$282

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,452 income − $2,170 expenses = $282 cash flow

Income$2,452Mortgage P&I$99040%Property Taxes$27611%Insurance$703%Management$29412%CapEx$984%Vacancy$743%Maintenance$984%Other$27011%Cash Flow$282

Investment Breakdown

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Purchase Price

$193k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$58,488

Downpayment

20%

$38,560

Closing costs

1%

$1,928

Rehab

0%

$0

Furnishing

9%

$18,000

Cashflow

Total Income

$2,452

Total Expenses

$2,170

Mortgage P&I

40%

$990

Property Taxes

11%

$276

Home Insurance

3%

$70

HOA

0%

$0

Property Management

12%

$294

CapEx

4%

$98

Vacancy

3%

$74

Maintenance

4%

$98

Other

11%

$270

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