REI Lense

REI Lense

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$1,645 (target)

403 W 8th St, Boone, IA 50036

3 beds • 2 baths • 2160 sqft

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This property looks like a bad Long-Term investment with a projected -6.4% first-year return on $47,250 initial cash invested.

-6.4%

Cash On Cash

5.72%

Cap Rate

0.86

DSCR

$1,645

Rent

-$252

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,645 income − $1,897 expenses = $252 out of pocket

Income$1,645Out of Pocket$252Mortgage P&I$1,24376%Property Taxes$1489%Insurance$795%Management$16410%CapEx$825%Vacancy$996%Maintenance$825%

Investment Breakdown

|

Purchase Price

$225k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$47,250

Downpayment

20%

$45,000

Closing costs

1%

$2,250

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,645

Total Expenses

$1,897

Mortgage P&I

76%

$1,243

Property Taxes

9%

$148

Home Insurance

5%

$79

HOA

0%

$0

Property Management

10%

$164

CapEx

5%

$82

Vacancy

6%

$99

Maintenance

5%

$82

Other

0%

$0

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