REI Lense

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$2,176 (target)

596 N Lake Dr, Watertown, SD 57201

3 beds • 2 baths • 1520 sqft

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This property looks like a bad Long-Term investment with a projected -22.66% first-year return on $163k initial cash invested.

-22.66%

Cash On Cash

1.57%

Cap Rate

0.25

DSCR

$2,176

Rent

-$3,073

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,176 income − $5,249 expenses = $3,073 out of pocket

Income$2,176Out of Pocket$3,073Mortgage P&I$3,976183%Property Taxes$43520%Insurance$27112%Management$21810%CapEx$1095%Vacancy$1316%Maintenance$1095%

Investment Breakdown

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Purchase Price

$775k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$163k

Downpayment

20%

$155k

Closing costs

1%

$7,750

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,176

Total Expenses

$5,249

Mortgage P&I

183%

$3,976

Property Taxes

20%

$435

Home Insurance

12%

$271

HOA

0%

$0

Property Management

10%

$218

CapEx

5%

$109

Vacancy

6%

$131

Maintenance

5%

$109

Other

0%

$0

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