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$1,962 (target)

509 3rd Ave SE, Watertown, SD 57201

3 beds • 2 baths • 1944 sqft

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This property looks like a bad Mid-Term investment with a projected -5.86% first-year return on $74,574 initial cash invested.

-5.86%

Cash On Cash

4.96%

Cap Rate

0.8

DSCR

$1,962

Rent

-$364

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,962 income − $2,326 expenses = $364 out of pocket

Income$1,962Out of Pocket$364Mortgage P&I$1,39971%Property Taxes$1638%Insurance$985%Management$23512%CapEx$784%Vacancy$593%Maintenance$784%Other$21611%

Investment Breakdown

|

Purchase Price

$269k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$74,574

Downpayment

20%

$53,880

Closing costs

1%

$2,694

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$1,962

Total Expenses

$2,326

Mortgage P&I

71%

$1,399

Property Taxes

8%

$163

Home Insurance

5%

$98

HOA

0%

$0

Property Management

12%

$235

CapEx

4%

$78

Vacancy

3%

$59

Maintenance

4%

$78

Other

11%

$216

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