REI Lense

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$1,440 (target)

411 22nd St NE, Cedar Rapids, IA 52402

3 beds • 2 baths • 1467 sqft

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This property looks like a bad Long-Term investment with a projected -1.49% first-year return on $33,894 initial cash invested.

-1.49%

Cash On Cash

6.39%

Cap Rate

1.04

DSCR

$1,440

Rent

-$42

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,440 income − $1,482 expenses = $42 out of pocket

Income$1,440Out of Pocket$42Mortgage P&I$82958%Property Taxes$22115%Insurance$584%Management$14410%CapEx$725%Vacancy$866%Maintenance$725%

Investment Breakdown

|

Purchase Price

$161k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$33,894

Downpayment

20%

$32,280

Closing costs

1%

$1,614

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,440

Total Expenses

$1,482

Mortgage P&I

58%

$829

Property Taxes

15%

$221

Home Insurance

4%

$58

HOA

0%

$0

Property Management

10%

$144

CapEx

5%

$72

Vacancy

6%

$86

Maintenance

5%

$72

Other

0%

$0

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