REI Lense

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$2,000 (target)

410 Nathan Ave, Mitchell, SD 57301

3 beds • 2 baths • 2429 sqft

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This property looks like a bad Mid-Term investment with a projected -12.2% first-year return on $91,101 initial cash invested.

-12.2%

Cash On Cash

3.25%

Cap Rate

0.53

DSCR

$2,000

Rent

-$926

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,000 income − $2,926 expenses = $926 out of pocket

Income$2,000Out of Pocket$926Mortgage P&I$1,79090%Property Taxes$33017%Insurance$1266%Management$24012%CapEx$804%Vacancy$603%Maintenance$804%Other$22011%

Investment Breakdown

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Purchase Price

$348k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$91,101

Downpayment

20%

$69,620

Closing costs

1%

$3,481

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,000

Total Expenses

$2,926

Mortgage P&I

90%

$1,790

Property Taxes

17%

$330

Home Insurance

6%

$126

HOA

0%

$0

Property Management

12%

$240

CapEx

4%

$80

Vacancy

3%

$60

Maintenance

4%

$80

Other

11%

$220

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