REI Lense

REI Lense

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$1,442 (target)

437 Norris Ct, Waterloo, IA 50701

3 beds • 2 baths • 1264 sqft

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This property looks like a bad Long-Term investment with a projected -12.22% first-year return on $41,349 initial cash invested.

-12.22%

Cash On Cash

4.58%

Cap Rate

0.68

DSCR

$1,442

Rent

-$421

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,442 income − $1,863 expenses = $421 out of pocket

Income$1,442Out of Pocket$421Mortgage P&I$1,10176%Property Taxes$31522%Insurance$725%Management$14410%CapEx$725%Vacancy$876%Maintenance$725%

Investment Breakdown

|

Purchase Price

$197k

Downpayment

20.0%

Interest Rate

7.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$41,349

Downpayment

20%

$39,380

Closing costs

1%

$1,969

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,442

Total Expenses

$1,863

Mortgage P&I

76%

$1,101

Property Taxes

22%

$315

Home Insurance

5%

$72

HOA

0%

$0

Property Management

10%

$144

CapEx

5%

$72

Vacancy

6%

$87

Maintenance

5%

$72

Other

0%

$0

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