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$2,015 (target)

3601 Melanie Dr, Urbandale, IA 50322

3 beds • 3 baths • 1920 sqft

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This property looks like a bad Long-Term investment with a projected -12.44% first-year return on $70,875 initial cash invested.

-12.44%

Cash On Cash

3.85%

Cap Rate

0.63

DSCR

$2,015

Rent

-$735

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,015 income − $2,750 expenses = $735 out of pocket

Income$2,015Out of Pocket$735Mortgage P&I$1,71785%Property Taxes$39019%Insurance$1186%Management$20210%CapEx$1015%Vacancy$1216%Maintenance$1015%

Investment Breakdown

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Purchase Price

$338k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$70,875

Downpayment

20%

$67,500

Closing costs

1%

$3,375

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,015

Total Expenses

$2,750

Mortgage P&I

85%

$1,717

Property Taxes

19%

$390

Home Insurance

6%

$118

HOA

0%

$0

Property Management

10%

$202

CapEx

5%

$101

Vacancy

6%

$121

Maintenance

5%

$101

Other

0%

$0

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