REI Lense

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$2,912 (target)

556 N Lake Dr, Watertown, SD 57201

3 beds • 2 baths • 2528 sqft

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This property looks like a bad Mid-Term investment with a projected -15.53% first-year return on $144k initial cash invested.

-15.53%

Cash On Cash

2.68%

Cap Rate

0.43

DSCR

$2,912

Rent

-$1,857

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,912 income − $4,769 expenses = $1,857 out of pocket

Income$2,912Out of Pocket$1,857Mortgage P&I$3,077106%Property Taxes$48717%Insurance$2177%Management$34912%CapEx$1164%Vacancy$873%Maintenance$1164%Other$32011%

Investment Breakdown

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Purchase Price

$598k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$144k

Downpayment

20%

$120k

Closing costs

1%

$5,977

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$2,912

Total Expenses

$4,769

Mortgage P&I

106%

$3,077

Property Taxes

17%

$487

Home Insurance

7%

$217

HOA

0%

$0

Property Management

12%

$349

CapEx

4%

$116

Vacancy

3%

$87

Maintenance

4%

$116

Other

11%

$320

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