REI Lense

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$3,264 (target)

596 N Lake Dr, Watertown, SD 57201

3 beds • 2 baths • 1520 sqft

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This property looks like a bad Mid-Term investment with a projected -16.79% first-year return on $181k initial cash invested.

-16.79%

Cash On Cash

2.44%

Cap Rate

0.4

DSCR

$3,264

Rent

-$2,529

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,264 income − $5,793 expenses = $2,529 out of pocket

Income$3,264Out of Pocket$2,529Mortgage P&I$3,976122%Property Taxes$43513%Insurance$2718%Management$39212%CapEx$1314%Vacancy$983%Maintenance$1314%Other$35911%

Investment Breakdown

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Purchase Price

$775k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$181k

Downpayment

20%

$155k

Closing costs

1%

$7,750

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$3,264

Total Expenses

$5,793

Mortgage P&I

122%

$3,976

Property Taxes

13%

$435

Home Insurance

8%

$271

HOA

0%

$0

Property Management

12%

$392

CapEx

4%

$131

Vacancy

3%

$98

Maintenance

4%

$131

Other

11%

$359

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