REI Lense

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$3,022 (target)

3601 Melanie Dr, Urbandale, IA 50322

3 beds • 3 baths • 1920 sqft

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This property looks like a bad Mid-Term investment with a projected -3.12% first-year return on $88,875 initial cash invested.

-3.12%

Cash On Cash

5.71%

Cap Rate

0.94

DSCR

$3,022

Rent

-$231

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,022 income − $3,253 expenses = $231 out of pocket

Income$3,022Out of Pocket$231Mortgage P&I$1,71757%Property Taxes$39013%Insurance$1184%Management$36312%CapEx$1214%Vacancy$913%Maintenance$1214%Other$33211%

Investment Breakdown

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Purchase Price

$338k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$88,875

Downpayment

20%

$67,500

Closing costs

1%

$3,375

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,022

Total Expenses

$3,253

Mortgage P&I

57%

$1,717

Property Taxes

13%

$390

Home Insurance

4%

$118

HOA

0%

$0

Property Management

12%

$363

CapEx

4%

$121

Vacancy

3%

$91

Maintenance

4%

$121

Other

11%

$332

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