REI Lense

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$1,661 (target)

512 Gran Dr, Storm Lake, IA 50588

3 beds • 2 baths • 1835 sqft

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This property looks like a bad Long-Term investment with a projected -14.71% first-year return on $49,350 initial cash invested.

-14.71%

Cash On Cash

3.85%

Cap Rate

0.59

DSCR

$1,661

Rent

-$605

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,661 income − $2,266 expenses = $605 out of pocket

Income$1,661Out of Pocket$605Mortgage P&I$1,27577%Property Taxes$47729%Insurance$825%Management$16610%CapEx$835%Vacancy$1006%Maintenance$835%

Investment Breakdown

|

Purchase Price

$235k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$49,350

Downpayment

20%

$47,000

Closing costs

1%

$2,350

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,661

Total Expenses

$2,266

Mortgage P&I

77%

$1,275

Property Taxes

29%

$477

Home Insurance

5%

$82

HOA

0%

$0

Property Management

10%

$166

CapEx

5%

$83

Vacancy

6%

$100

Maintenance

5%

$83

Other

0%

$0

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