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$1,778 (target)

615 E 5th Ave, Mitchell, SD 57301

3 beds • 3 baths • 1872 sqft

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This property looks like a bad Long-Term investment with a projected -6.67% first-year return on $55,251 initial cash invested.

-6.67%

Cash On Cash

5.01%

Cap Rate

0.83

DSCR

$1,778

Rent

-$307

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,778 income − $2,085 expenses = $307 out of pocket

Income$1,778Out of Pocket$307Mortgage P&I$1,31674%Property Taxes$21012%Insurance$965%Management$17810%CapEx$895%Vacancy$1076%Maintenance$895%

Investment Breakdown

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Purchase Price

$263k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$55,251

Downpayment

20%

$52,620

Closing costs

1%

$2,631

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,778

Total Expenses

$2,085

Mortgage P&I

74%

$1,316

Property Taxes

12%

$210

Home Insurance

5%

$96

HOA

0%

$0

Property Management

10%

$178

CapEx

5%

$89

Vacancy

6%

$107

Maintenance

5%

$89

Other

0%

$0

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