REI Lense

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$1,308 (target)

509 3rd Ave SE, Watertown, SD 57201

3 beds • 2 baths • 1944 sqft

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This property looks like a bad Long-Term investment with a projected -14.66% first-year return on $56,574 initial cash invested.

-14.66%

Cash On Cash

3.44%

Cap Rate

0.55

DSCR

$1,308

Rent

-$691

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,308 income − $1,999 expenses = $691 out of pocket

Income$1,308Out of Pocket$691Mortgage P&I$1,399107%Property Taxes$16312%Insurance$987%Management$13110%CapEx$655%Vacancy$786%Maintenance$655%

Investment Breakdown

|

Purchase Price

$269k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$56,574

Downpayment

20%

$53,880

Closing costs

1%

$2,694

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,308

Total Expenses

$1,999

Mortgage P&I

107%

$1,399

Property Taxes

12%

$163

Home Insurance

7%

$98

HOA

0%

$0

Property Management

10%

$131

CapEx

5%

$65

Vacancy

6%

$78

Maintenance

5%

$65

Other

0%

$0

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