REI Lense

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$1,381 (target)

427 E 14th Ave, Mitchell, SD 57301

3 beds • 2 baths • 2030 sqft

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This property looks like a bad Long-Term investment with a projected -13.5% first-year return on $53,676 initial cash invested.

-13.5%

Cash On Cash

3.52%

Cap Rate

0.58

DSCR

$1,381

Rent

-$604

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,381 income − $1,985 expenses = $604 out of pocket

Income$1,381Out of Pocket$604Mortgage P&I$1,28493%Property Taxes$24818%Insurance$947%Management$13810%CapEx$695%Vacancy$836%Maintenance$695%

Investment Breakdown

|

Purchase Price

$256k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$53,676

Downpayment

20%

$51,120

Closing costs

1%

$2,556

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,381

Total Expenses

$1,985

Mortgage P&I

93%

$1,284

Property Taxes

18%

$248

Home Insurance

7%

$94

HOA

0%

$0

Property Management

10%

$138

CapEx

5%

$69

Vacancy

6%

$83

Maintenance

5%

$69

Other

0%

$0

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