REI Lense

REI Lense

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$1,522 (target)

508 Gran Dr, Storm Lake, IA 50588

3 beds • 2 baths • 1368 sqft

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This property looks like a bad Long-Term investment with a projected -12.83% first-year return on $47,901 initial cash invested.

-12.83%

Cash On Cash

4.09%

Cap Rate

0.64

DSCR

$1,522

Rent

-$512

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,522 income − $2,034 expenses = $512 out of pocket

Income$1,522Out of Pocket$512Mortgage P&I$1,21380%Property Taxes$34423%Insurance$825%Management$15210%CapEx$765%Vacancy$916%Maintenance$765%

Investment Breakdown

|

Purchase Price

$228k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$47,901

Downpayment

20%

$45,620

Closing costs

1%

$2,281

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,522

Total Expenses

$2,034

Mortgage P&I

80%

$1,213

Property Taxes

23%

$344

Home Insurance

5%

$82

HOA

0%

$0

Property Management

10%

$152

CapEx

5%

$76

Vacancy

6%

$91

Maintenance

5%

$76

Other

0%

$0

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