REI Lense

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$2,517 (target)

4002 Adams Ave, Des Moines, IA 50310

3 beds • 3 baths • 3023 sqft

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This property looks like a bad Long-Term investment with a projected -12.7% first-year return on $82,467 initial cash invested.

-12.7%

Cash On Cash

3.93%

Cap Rate

0.63

DSCR

$2,517

Rent

-$873

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,517 income − $3,390 expenses = $873 out of pocket

Income$2,517Out of Pocket$873Mortgage P&I$2,03381%Property Taxes$56222%Insurance$1406%Management$25210%CapEx$1265%Vacancy$1516%Maintenance$1265%

Investment Breakdown

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Purchase Price

$393k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$82,467

Downpayment

20%

$78,540

Closing costs

1%

$3,927

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,517

Total Expenses

$3,390

Mortgage P&I

81%

$2,033

Property Taxes

22%

$562

Home Insurance

6%

$140

HOA

0%

$0

Property Management

10%

$252

CapEx

5%

$126

Vacancy

6%

$151

Maintenance

5%

$126

Other

0%

$0

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