REI Lense

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$1,474 (target)

450 2nd St NW, Fort Dodge, IA 50501

3 beds • 2 baths • 984 sqft

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This property might be a fair Mid-Term investment with a projected 6.23% first-year return on $42,024 initial cash invested.

6.23%

Cash On Cash

9.08%

Cap Rate

1.47

DSCR

$1,474

Rent

$218

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,474 income − $1,256 expenses = $218 cash flow

Income$1,474Mortgage P&I$58940%Property Taxes$1289%Insurance$383%Management$17712%CapEx$594%Vacancy$443%Maintenance$594%Other$16211%Cash Flow$218

Investment Breakdown

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Purchase Price

$114k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$42,024

Downpayment

20%

$22,880

Closing costs

1%

$1,144

Rehab

0%

$0

Furnishing

16%

$18,000

Cashflow

Total Income

$1,474

Total Expenses

$1,256

Mortgage P&I

40%

$589

Property Taxes

9%

$128

Home Insurance

3%

$38

HOA

0%

$0

Property Management

12%

$177

CapEx

4%

$59

Vacancy

3%

$44

Maintenance

4%

$59

Other

11%

$162

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