REI Lense

REI Lense

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$1,625 (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 Long-Term investment with a projected -14.16% first-year return on $69,300 initial cash invested.

-14.16%

Cash On Cash

3.53%

Cap Rate

0.57

DSCR

$1,625

Rent

-$818

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,625 income − $2,443 expenses = $818 out of pocket

Income$1,625Out of Pocket$818Mortgage P&I$1,708105%Property Taxes$19712%Insurance$1167%Management$16210%CapEx$815%Vacancy$986%Maintenance$815%

Investment Breakdown

|

Purchase Price

$330k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$69,300

Downpayment

20%

$66,000

Closing costs

1%

$3,300

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,625

Total Expenses

$2,443

Mortgage P&I

105%

$1,708

Property Taxes

12%

$197

Home Insurance

7%

$116

HOA

0%

$0

Property Management

10%

$162

CapEx

5%

$81

Vacancy

6%

$98

Maintenance

5%

$81

Other

0%

$0

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