REI Lense

REI Lense

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$983 (target)

450 2nd St NW, Fort Dodge, IA 50501

3 beds • 2 baths • 984 sqft

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This property looks like a bad Long-Term investment with a projected -1.35% first-year return on $24,024 initial cash invested.

-1.35%

Cash On Cash

6.41%

Cap Rate

1.04

DSCR

$983

Rent

-$27

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$983 income − $1,010 expenses = $27 out of pocket

Income$983Out of Pocket$27Mortgage P&I$58960%Property Taxes$12813%Insurance$384%Management$9810%CapEx$495%Vacancy$596%Maintenance$495%

Investment Breakdown

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Purchase Price

$114k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$24,024

Downpayment

20%

$22,880

Closing costs

1%

$1,144

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$983

Total Expenses

$1,010

Mortgage P&I

60%

$589

Property Taxes

13%

$128

Home Insurance

4%

$38

HOA

0%

$0

Property Management

10%

$98

CapEx

5%

$49

Vacancy

6%

$59

Maintenance

5%

$49

Other

0%

$0

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