REI Lense

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$2,523 (target)

612 4th St NW, Watertown, SD 57201

3 beds • 3 baths • 2178 sqft

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This property might be a fair Mid-Term investment with a projected 2.04% first-year return on $70,479 initial cash invested.

2.04%

Cash On Cash

7.16%

Cap Rate

1.17

DSCR

$2,523

Rent

$120

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,523 income − $2,403 expenses = $120 cash flow

Income$2,523Mortgage P&I$1,27150%Property Taxes$1857%Insurance$883%Management$30312%CapEx$1014%Vacancy$763%Maintenance$1014%Other$27811%Cash Flow$120

Investment Breakdown

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Purchase Price

$250k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$70,479

Downpayment

20%

$49,980

Closing costs

1%

$2,499

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,523

Total Expenses

$2,403

Mortgage P&I

50%

$1,271

Property Taxes

7%

$185

Home Insurance

3%

$88

HOA

0%

$0

Property Management

12%

$303

CapEx

4%

$101

Vacancy

3%

$76

Maintenance

4%

$101

Other

11%

$278

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