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$1,782 (target)

516 E 7th Ave, Mitchell, SD 57301

3 beds • 2 baths • 1178 sqft

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This property looks like a bad Mid-Term investment with a projected -2% first-year return on $61,890 initial cash invested.

-2%

Cash On Cash

6.24%

Cap Rate

0.97

DSCR

$1,782

Rent

-$103

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,782 income − $1,885 expenses = $103 out of pocket

Income$1,782Out of Pocket$103Mortgage P&I$1,11863%Property Taxes$895%Insurance$734%Management$21412%CapEx$714%Vacancy$533%Maintenance$714%Other$19611%

Investment Breakdown

|

Purchase Price

$209k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$61,890

Downpayment

20%

$41,800

Closing costs

1%

$2,090

Rehab

0%

$0

Furnishing

9%

$18,000

Cashflow

Total Income

$1,782

Total Expenses

$1,885

Mortgage P&I

63%

$1,118

Property Taxes

5%

$89

Home Insurance

4%

$73

HOA

0%

$0

Property Management

12%

$214

CapEx

4%

$71

Vacancy

3%

$53

Maintenance

4%

$71

Other

11%

$196

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