REI Lense

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$2,496 (target)

504 Seahawk Dr, Rapid City, SD 57701

3 beds • 2 baths • 1812 sqft

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This property might be a fair Mid-Term investment with a projected 1.84% first-year return on $63,990 initial cash invested.

1.84%

Cash On Cash

7.88%

Cap Rate

1.16

DSCR

$2,496

Rent

$98

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,496 income − $2,398 expenses = $98 cash flow

Income$2,496Mortgage P&I$1,24050%Property Taxes$2319%Insurance$773%Management$30012%CapEx$1004%Vacancy$753%Maintenance$1004%Other$27511%Cash Flow$98

Investment Breakdown

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Purchase Price

$219k

Downpayment

20.0%

Interest Rate

7.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$63,990

Downpayment

20%

$43,800

Closing costs

1%

$2,190

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,496

Total Expenses

$2,398

Mortgage P&I

50%

$1,240

Property Taxes

9%

$231

Home Insurance

3%

$77

HOA

0%

$0

Property Management

12%

$300

CapEx

4%

$100

Vacancy

3%

$75

Maintenance

4%

$100

Other

11%

$275

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