REI Lense

REI Lense

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$1,188 (target)

516 E 7th Ave, Mitchell, SD 57301

3 beds • 2 baths • 1178 sqft

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This property looks like a bad Long-Term investment with a projected -10.94% first-year return on $43,890 initial cash invested.

-10.94%

Cash On Cash

4.46%

Cap Rate

0.69

DSCR

$1,188

Rent

-$400

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,188 income − $1,588 expenses = $400 out of pocket

Income$1,188Out of Pocket$400Mortgage P&I$1,11894%Property Taxes$897%Insurance$736%Management$11910%CapEx$595%Vacancy$716%Maintenance$595%

Investment Breakdown

|

Purchase Price

$209k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$43,890

Downpayment

20%

$41,800

Closing costs

1%

$2,090

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,188

Total Expenses

$1,588

Mortgage P&I

94%

$1,118

Property Taxes

7%

$89

Home Insurance

6%

$73

HOA

0%

$0

Property Management

10%

$119

CapEx

5%

$59

Vacancy

6%

$71

Maintenance

5%

$59

Other

0%

$0

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