REI Lense

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$2,283 (target)

508 Gran Dr, Storm Lake, IA 50588

3 beds • 2 baths • 1368 sqft

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This property looks like a bad Mid-Term investment with a projected -2.39% first-year return on $65,901 initial cash invested.

-2.39%

Cash On Cash

6.17%

Cap Rate

0.97

DSCR

$2,283

Rent

-$131

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,283 income − $2,414 expenses = $131 out of pocket

Income$2,283Out of Pocket$131Mortgage P&I$1,21353%Property Taxes$34415%Insurance$824%Management$27412%CapEx$914%Vacancy$683%Maintenance$914%Other$25111%

Investment Breakdown

|

Purchase Price

$228k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$65,901

Downpayment

20%

$45,620

Closing costs

1%

$2,281

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,283

Total Expenses

$2,414

Mortgage P&I

53%

$1,213

Property Taxes

15%

$344

Home Insurance

4%

$82

HOA

0%

$0

Property Management

12%

$274

CapEx

4%

$91

Vacancy

3%

$68

Maintenance

4%

$91

Other

11%

$251

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