REI Lense

REI Lense

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$2,438 (target)

3429 Ridgecrest Dr NE, North Liberty, IA 52317

3 beds • 2 baths • 1952 sqft

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This property looks like a bad Mid-Term investment with a projected -5.68% first-year return on $87,300 initial cash invested.

-5.68%

Cash On Cash

5.07%

Cap Rate

0.82

DSCR

$2,438

Rent

-$413

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,438 income − $2,851 expenses = $413 out of pocket

Income$2,438Out of Pocket$413Mortgage P&I$1,70870%Property Taxes$1978%Insurance$1165%Management$29312%CapEx$984%Vacancy$733%Maintenance$984%Other$26811%

Investment Breakdown

|

Purchase Price

$330k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$87,300

Downpayment

20%

$66,000

Closing costs

1%

$3,300

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,438

Total Expenses

$2,851

Mortgage P&I

70%

$1,708

Property Taxes

8%

$197

Home Insurance

5%

$116

HOA

0%

$0

Property Management

12%

$293

CapEx

4%

$98

Vacancy

3%

$73

Maintenance

4%

$98

Other

11%

$268

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