REI Lense

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$1,616 (target)

511 W 4th Ave, Mitchell, SD 57301

3 beds • 2 baths • 1425 sqft

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This property looks like a bad Long-Term investment with a projected -8.82% first-year return on $50,232 initial cash invested.

-8.82%

Cash On Cash

5.02%

Cap Rate

0.78

DSCR

$1,616

Rent

-$369

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,616 income − $1,985 expenses = $369 out of pocket

Income$1,616Out of Pocket$369Mortgage P&I$1,28980%Property Taxes$18712%Insurance$885%Management$16210%CapEx$815%Vacancy$976%Maintenance$815%

Investment Breakdown

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Purchase Price

$239k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$50,232

Downpayment

20%

$47,840

Closing costs

1%

$2,392

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,616

Total Expenses

$1,985

Mortgage P&I

80%

$1,289

Property Taxes

12%

$187

Home Insurance

5%

$88

HOA

0%

$0

Property Management

10%

$162

CapEx

5%

$81

Vacancy

6%

$97

Maintenance

5%

$81

Other

0%

$0

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