REI Lense

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$1,938 (target)

3924 Clinton Ave, Des Moines, IA 50310

3 beds • 2 baths • 1353 sqft

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This property looks like a bad Long-Term investment with a projected -12.5% first-year return on $61,908 initial cash invested.

-12.5%

Cash On Cash

3.97%

Cap Rate

0.64

DSCR

$1,938

Rent

-$645

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,938 income − $2,583 expenses = $645 out of pocket

Income$1,938Out of Pocket$645Mortgage P&I$1,52379%Property Taxes$45123%Insurance$1055%Management$19410%CapEx$975%Vacancy$1166%Maintenance$975%

Investment Breakdown

|

Purchase Price

$295k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$61,908

Downpayment

20%

$58,960

Closing costs

1%

$2,948

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,938

Total Expenses

$2,583

Mortgage P&I

79%

$1,523

Property Taxes

23%

$451

Home Insurance

5%

$105

HOA

0%

$0

Property Management

10%

$194

CapEx

5%

$97

Vacancy

6%

$116

Maintenance

5%

$97

Other

0%

$0

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