REI Lense

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$1,550 (target)

3918 E Douglas Ave, Des Moines, IA 50317

3 beds • 3 baths • 1140 sqft

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This property looks like a bad Long-Term investment with a projected -14.45% first-year return on $53,550 initial cash invested.

-14.45%

Cash On Cash

3.63%

Cap Rate

0.58

DSCR

$1,550

Rent

-$645

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,550 income − $2,195 expenses = $645 out of pocket

Income$1,550Out of Pocket$645Mortgage P&I$1,33986%Property Taxes$36323%Insurance$896%Management$15510%CapEx$785%Vacancy$936%Maintenance$785%

Investment Breakdown

|

Purchase Price

$255k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$53,550

Downpayment

20%

$51,000

Closing costs

1%

$2,550

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,550

Total Expenses

$2,195

Mortgage P&I

86%

$1,339

Property Taxes

23%

$363

Home Insurance

6%

$89

HOA

0%

$0

Property Management

10%

$155

CapEx

5%

$78

Vacancy

6%

$93

Maintenance

5%

$78

Other

0%

$0

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