REI Lense

REI Lense

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$2,480 (target)

3701 Westridge Rd, Rapid City, SD 57702

3 beds • 2 baths • 2149 sqft

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This property looks like a bad Mid-Term investment with a projected -6.75% first-year return on $89,400 initial cash invested.

-6.75%

Cash On Cash

4.68%

Cap Rate

0.77

DSCR

$2,480

Rent

-$503

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$340k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$89,400

Downpayment

20%

$68,000

Closing costs

1%

$3,400

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,480

Total Expenses

$2,983

Mortgage P&I

70%

$1,729

Property Taxes

12%

$292

Home Insurance

5%

$119

HOA

0%

$0

Property Management

12%

$298

CapEx

4%

$99

Vacancy

3%

$74

Maintenance

4%

$99

Other

11%

$273

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