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$2,424 (target)

511 W 4th Ave, Mitchell, SD 57301

3 beds • 2 baths • 1425 sqft

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This property might be a fair Mid-Term investment with a projected 0.62% first-year return on $68,232 initial cash invested.

0.62%

Cash On Cash

7.13%

Cap Rate

1.1

DSCR

$2,424

Rent

$35

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,424 income − $2,389 expenses = $35 cash flow

Income$2,424Mortgage P&I$1,28953%Property Taxes$1878%Insurance$884%Management$29112%CapEx$974%Vacancy$733%Maintenance$974%Other$26711%Cash Flow$35

Investment Breakdown

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Purchase Price

$239k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$68,232

Downpayment

20%

$47,840

Closing costs

1%

$2,392

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,424

Total Expenses

$2,389

Mortgage P&I

53%

$1,289

Property Taxes

8%

$187

Home Insurance

4%

$88

HOA

0%

$0

Property Management

12%

$291

CapEx

4%

$97

Vacancy

3%

$73

Maintenance

4%

$97

Other

11%

$267

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