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$3,580 (target)

3482 Hemingway St, Marion, IA 52302

3 beds • 2 baths • 1786 sqft

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This property looks like a bad Mid-Term investment with a projected -9.45% first-year return on $111k initial cash invested.

-9.45%

Cash On Cash

4.73%

Cap Rate

0.7

DSCR

$3,580

Rent

-$870

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,580 income − $4,450 expenses = $870 out of pocket

Income$3,580Out of Pocket$870Mortgage P&I$2,46269%Property Taxes$61317%Insurance$1584%Management$43012%CapEx$1434%Vacancy$1073%Maintenance$1434%Other$39411%

Investment Breakdown

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Purchase Price

$441k

Downpayment

20.0%

Interest Rate

7.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$111k

Downpayment

20%

$88,120

Closing costs

1%

$4,406

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,580

Total Expenses

$4,450

Mortgage P&I

69%

$2,462

Property Taxes

17%

$613

Home Insurance

4%

$158

HOA

0%

$0

Property Management

12%

$430

CapEx

4%

$143

Vacancy

3%

$107

Maintenance

4%

$143

Other

11%

$394

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