REI Lense

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$1,941 (target)

556 N Lake Dr, Watertown, SD 57201

3 beds • 2 baths • 2528 sqft

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This property looks like a bad Long-Term investment with a projected -22.41% first-year return on $126k initial cash invested.

-22.41%

Cash On Cash

1.67%

Cap Rate

0.27

DSCR

$1,941

Rent

-$2,344

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,941 income − $4,285 expenses = $2,344 out of pocket

Income$1,941Out of Pocket$2,344Mortgage P&I$3,077159%Property Taxes$48725%Insurance$21711%Management$19410%CapEx$975%Vacancy$1166%Maintenance$975%

Investment Breakdown

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Purchase Price

$598k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$126k

Downpayment

20%

$120k

Closing costs

1%

$5,977

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,941

Total Expenses

$4,285

Mortgage P&I

159%

$3,077

Property Taxes

25%

$487

Home Insurance

11%

$217

HOA

0%

$0

Property Management

10%

$194

CapEx

5%

$97

Vacancy

6%

$116

Maintenance

5%

$97

Other

0%

$0

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