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$2,610 (target)

4120 Colfax Ave, Des Moines, IA 50317

3 beds • 2 baths • 1566 sqft

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This property looks like a bad Mid-Term investment with a projected -6.27% first-year return on $82,155 initial cash invested.

-6.27%

Cash On Cash

5.02%

Cap Rate

0.8

DSCR

$2,610

Rent

-$429

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,610 income − $3,039 expenses = $429 out of pocket

Income$2,610Out of Pocket$429Mortgage P&I$1,60461%Property Taxes$44117%Insurance$1084%Management$31312%CapEx$1044%Vacancy$783%Maintenance$1044%Other$28711%

Investment Breakdown

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Purchase Price

$306k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$82,155

Downpayment

20%

$61,100

Closing costs

1%

$3,055

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,610

Total Expenses

$3,039

Mortgage P&I

61%

$1,604

Property Taxes

17%

$441

Home Insurance

4%

$108

HOA

0%

$0

Property Management

12%

$313

CapEx

4%

$104

Vacancy

3%

$78

Maintenance

4%

$104

Other

11%

$287

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