REI Lense

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$2,371 (target)

3630 & 3678 E 68th St S, Newton, IA 50208

3 beds • 3 baths • 2884 sqft

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This property looks like a bad Long-Term investment with a projected -21.51% first-year return on $157k initial cash invested.

-21.51%

Cash On Cash

1.89%

Cap Rate

0.3

DSCR

$2,371

Rent

-$2,819

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,371 income − $5,190 expenses = $2,819 out of pocket

Income$2,371Out of Pocket$2,819Mortgage P&I$3,877164%Property Taxes$43418%Insurance$26211%Management$23710%CapEx$1195%Vacancy$1426%Maintenance$1195%

Investment Breakdown

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Purchase Price

$749k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$157k

Downpayment

20%

$150k

Closing costs

1%

$7,490

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,371

Total Expenses

$5,190

Mortgage P&I

164%

$3,877

Property Taxes

18%

$434

Home Insurance

11%

$262

HOA

0%

$0

Property Management

10%

$237

CapEx

5%

$119

Vacancy

6%

$142

Maintenance

5%

$119

Other

0%

$0

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