REI Lense

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$2,468 (target)

403 W 8th St, Boone, IA 50036

3 beds • 2 baths • 2160 sqft

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This property might be a fair Mid-Term investment with a projected 2.92% first-year return on $65,250 initial cash invested.

2.92%

Cash On Cash

8.01%

Cap Rate

1.21

DSCR

$2,468

Rent

$159

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,468 income − $2,309 expenses = $159 cash flow

Income$2,468Mortgage P&I$1,24350%Property Taxes$1486%Insurance$793%Management$29612%CapEx$994%Vacancy$743%Maintenance$994%Other$27111%Cash Flow$159

Investment Breakdown

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Purchase Price

$225k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$65,250

Downpayment

20%

$45,000

Closing costs

1%

$2,250

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,468

Total Expenses

$2,309

Mortgage P&I

50%

$1,243

Property Taxes

6%

$148

Home Insurance

3%

$79

HOA

0%

$0

Property Management

12%

$296

CapEx

4%

$99

Vacancy

3%

$74

Maintenance

4%

$99

Other

11%

$271

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