REI Lense

REI Lense

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$1,296 (target)

410 Clinton St, Boone, IA 50036

3 beds • 2 baths • 1083 sqft

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This property looks like a bad Long-Term investment with a projected -17.1% first-year return on $49,896 initial cash invested.

-17.1%

Cash On Cash

3.17%

Cap Rate

0.49

DSCR

$1,296

Rent

-$711

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,296 income − $2,007 expenses = $711 out of pocket

Income$1,296Out of Pocket$711Mortgage P&I$1,27398%Property Taxes$31024%Insurance$867%Management$13010%CapEx$655%Vacancy$786%Maintenance$655%

Investment Breakdown

|

Purchase Price

$238k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$49,896

Downpayment

20%

$47,520

Closing costs

1%

$2,376

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,296

Total Expenses

$2,007

Mortgage P&I

98%

$1,273

Property Taxes

24%

$310

Home Insurance

7%

$86

HOA

0%

$0

Property Management

10%

$130

CapEx

5%

$65

Vacancy

6%

$78

Maintenance

5%

$65

Other

0%

$0

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