REI Lense

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$1,531 (target)

4429 SE 6th St, Des Moines, IA 50315

3 beds • 2 baths • 960 sqft

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This property looks like a bad Long-Term investment with a projected -8.04% first-year return on $41,664 initial cash invested.

-8.04%

Cash On Cash

4.99%

Cap Rate

0.8

DSCR

$1,531

Rent

-$279

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,531 income − $1,810 expenses = $279 out of pocket

Income$1,531Out of Pocket$279Mortgage P&I$1,02767%Property Taxes$31220%Insurance$725%Management$15310%CapEx$775%Vacancy$926%Maintenance$775%

Investment Breakdown

|

Purchase Price

$198k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$41,664

Downpayment

20%

$39,680

Closing costs

1%

$1,984

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,531

Total Expenses

$1,810

Mortgage P&I

67%

$1,027

Property Taxes

20%

$312

Home Insurance

5%

$72

HOA

0%

$0

Property Management

10%

$153

CapEx

5%

$77

Vacancy

6%

$92

Maintenance

5%

$77

Other

0%

$0

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