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$3,296 (target)

3231 Terrace Dr, Des Moines, IA 50312

3 beds • 3 baths • 1858 sqft

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This property looks like a bad Mid-Term investment with a projected -15.48% first-year return on $134k initial cash invested.

-15.48%

Cash On Cash

2.9%

Cap Rate

0.46

DSCR

$3,296

Rent

-$1,728

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,296 income − $5,024 expenses = $1,728 out of pocket

Income$3,296Out of Pocket$1,728Mortgage P&I$2,93089%Property Taxes$77123%Insurance$2016%Management$39612%CapEx$1324%Vacancy$993%Maintenance$1324%Other$36311%

Investment Breakdown

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Purchase Price

$552k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$134k

Downpayment

20%

$110k

Closing costs

1%

$5,523

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$3,296

Total Expenses

$5,024

Mortgage P&I

89%

$2,930

Property Taxes

23%

$771

Home Insurance

6%

$201

HOA

0%

$0

Property Management

12%

$396

CapEx

4%

$132

Vacancy

3%

$99

Maintenance

4%

$132

Other

11%

$363

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