REI Lense

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$2,163 (target)

437 Norris Ct, Waterloo, IA 50701

3 beds • 2 baths • 1264 sqft

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This property looks like a bad Mid-Term investment with a projected -1.25% first-year return on $59,349 initial cash invested.

-1.25%

Cash On Cash

6.86%

Cap Rate

1.02

DSCR

$2,163

Rent

-$62

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,163 income − $2,225 expenses = $62 out of pocket

Income$2,163Out of Pocket$62Mortgage P&I$1,10151%Property Taxes$31515%Insurance$723%Management$26012%CapEx$874%Vacancy$653%Maintenance$874%Other$23811%

Investment Breakdown

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Purchase Price

$197k

Downpayment

20.0%

Interest Rate

7.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$59,349

Downpayment

20%

$39,380

Closing costs

1%

$1,969

Rehab

0%

$0

Furnishing

9%

$18,000

Cashflow

Total Income

$2,163

Total Expenses

$2,225

Mortgage P&I

51%

$1,101

Property Taxes

15%

$315

Home Insurance

3%

$72

HOA

0%

$0

Property Management

12%

$260

CapEx

4%

$87

Vacancy

3%

$65

Maintenance

4%

$87

Other

11%

$238

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