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605 8th St #607, Ames, IA 50010

3 beds • 2 baths • 1965 sqft

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This property might be a fair Mid-Term investment with a projected 7.93% first-year return on $48,450 initial cash invested.

7.93%

Cash On Cash

9.63%

Cap Rate

1.53

DSCR

$2,046

Rent

$320

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$145k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$48,450

Downpayment

20%

$29,000

Closing costs

1%

$1,450

Rehab

0%

$0

Furnishing

12%

$18,000

Cashflow

Total Income

$2,046

Total Expenses

$1,726

Mortgage P&I

37%

$762

Property Taxes

11%

$217

Home Insurance

2%

$51

HOA

0%

$0

Property Management

12%

$246

CapEx

4%

$82

Vacancy

3%

$61

Maintenance

4%

$82

Other

11%

$225

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