REI Lense

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$1,079 (target)

40998 McKinley Pl, Mitchell, SD 57301

3 beds • 2 baths • 1175 sqft

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This property looks like a bad Long-Term investment with a projected -22.25% first-year return on $76,650 initial cash invested.

-22.25%

Cash On Cash

1.85%

Cap Rate

0.29

DSCR

$1,079

Rent

-$1,421

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,079 income − $2,500 expenses = $1,421 out of pocket

Income$1,079Out of Pocket$1,421Mortgage P&I$1,929179%Property Taxes$16215%Insurance$12812%Management$10810%CapEx$545%Vacancy$656%Maintenance$545%

Investment Breakdown

|

Purchase Price

$365k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$76,650

Downpayment

20%

$73,000

Closing costs

1%

$3,650

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,079

Total Expenses

$2,500

Mortgage P&I

179%

$1,929

Property Taxes

15%

$162

Home Insurance

12%

$128

HOA

0%

$0

Property Management

10%

$108

CapEx

5%

$54

Vacancy

6%

$65

Maintenance

5%

$54

Other

0%

$0

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