REI Lense

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$2,492 (target)

512 Gran Dr, Storm Lake, IA 50588

3 beds • 2 baths • 1835 sqft

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This property looks like a bad Mid-Term investment with a projected -3.39% first-year return on $67,350 initial cash invested.

-3.39%

Cash On Cash

6.05%

Cap Rate

0.93

DSCR

$2,492

Rent

-$190

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,492 income − $2,682 expenses = $190 out of pocket

Income$2,492Out of Pocket$190Mortgage P&I$1,27551%Property Taxes$47719%Insurance$823%Management$29912%CapEx$1004%Vacancy$753%Maintenance$1004%Other$27411%

Investment Breakdown

|

Purchase Price

$235k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$67,350

Downpayment

20%

$47,000

Closing costs

1%

$2,350

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,492

Total Expenses

$2,682

Mortgage P&I

51%

$1,275

Property Taxes

19%

$477

Home Insurance

3%

$82

HOA

0%

$0

Property Management

12%

$299

CapEx

4%

$100

Vacancy

3%

$75

Maintenance

4%

$100

Other

11%

$274

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