REI Lense

REI Lense

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$1,862 (target)

402 E Meade St, Rapid City, SD 57701

3 beds • 2 baths • 1242 sqft

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This property looks like a bad Long-Term investment with a projected -9.89% first-year return on $58,212 initial cash invested.

-9.89%

Cash On Cash

4.67%

Cap Rate

0.74

DSCR

$1,862

Rent

-$480

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,862 income − $2,342 expenses = $480 out of pocket

Income$1,862Out of Pocket$480Mortgage P&I$1,46579%Property Taxes$29316%Insurance$1005%Management$18610%CapEx$935%Vacancy$1126%Maintenance$935%

Investment Breakdown

|

Purchase Price

$277k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$58,212

Downpayment

20%

$55,440

Closing costs

1%

$2,772

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,862

Total Expenses

$2,342

Mortgage P&I

79%

$1,465

Property Taxes

16%

$293

Home Insurance

5%

$100

HOA

0%

$0

Property Management

10%

$186

CapEx

5%

$93

Vacancy

6%

$112

Maintenance

5%

$93

Other

0%

$0

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