REI Lense

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$2,895 (target)

618 9th St, Ames, IA 50010

3 beds • 3 baths • 1784 sqft

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This property might be a fair Mid-Term investment with a projected 0.56% first-year return on $78,648 initial cash invested.

0.56%

Cash On Cash

6.72%

Cap Rate

1.1

DSCR

$2,895

Rent

$37

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,895 income − $2,858 expenses = $37 cash flow

Income$2,895Mortgage P&I$1,46551%Property Taxes$30411%Insurance$1054%Management$34712%CapEx$1164%Vacancy$873%Maintenance$1164%Other$31811%Cash Flow$37

Investment Breakdown

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Purchase Price

$289k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$78,648

Downpayment

20%

$57,760

Closing costs

1%

$2,888

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,895

Total Expenses

$2,858

Mortgage P&I

51%

$1,465

Property Taxes

11%

$304

Home Insurance

4%

$105

HOA

0%

$0

Property Management

12%

$347

CapEx

4%

$116

Vacancy

3%

$87

Maintenance

4%

$116

Other

11%

$318

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