REI Lense

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$2,197 (target)

3231 Terrace Dr, Des Moines, IA 50312

3 beds • 3 baths • 1858 sqft

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This property looks like a bad Long-Term investment with a projected -23.56% first-year return on $116k initial cash invested.

-23.56%

Cash On Cash

1.66%

Cap Rate

0.26

DSCR

$2,197

Rent

-$2,277

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,197 income − $4,474 expenses = $2,277 out of pocket

Income$2,197Out of Pocket$2,277Mortgage P&I$2,930133%Property Taxes$77135%Insurance$2019%Management$22010%CapEx$1105%Vacancy$1326%Maintenance$1105%

Investment Breakdown

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Purchase Price

$552k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$116k

Downpayment

20%

$110k

Closing costs

1%

$5,523

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,197

Total Expenses

$4,474

Mortgage P&I

133%

$2,930

Property Taxes

35%

$771

Home Insurance

9%

$201

HOA

0%

$0

Property Management

10%

$220

CapEx

5%

$110

Vacancy

6%

$132

Maintenance

5%

$110

Other

0%

$0

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