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$2,072 (target)

427 E 14th Ave, Mitchell, SD 57301

3 beds • 2 baths • 2030 sqft

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This property looks like a bad Mid-Term investment with a projected -4.34% first-year return on $71,676 initial cash invested.

-4.34%

Cash On Cash

5.2%

Cap Rate

0.86

DSCR

$2,072

Rent

-$259

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,072 income − $2,331 expenses = $259 out of pocket

Income$2,072Out of Pocket$259Mortgage P&I$1,28462%Property Taxes$24812%Insurance$945%Management$24912%CapEx$834%Vacancy$623%Maintenance$834%Other$22811%

Investment Breakdown

|

Purchase Price

$256k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$71,676

Downpayment

20%

$51,120

Closing costs

1%

$2,556

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,072

Total Expenses

$2,331

Mortgage P&I

62%

$1,284

Property Taxes

12%

$248

Home Insurance

5%

$94

HOA

0%

$0

Property Management

12%

$249

CapEx

4%

$83

Vacancy

3%

$62

Maintenance

4%

$83

Other

11%

$228

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