REI Lense

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$1,930 (target)

618 9th St, Ames, IA 50010

3 beds • 3 baths • 1784 sqft

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This property looks like a bad Long-Term investment with a projected -8.8% first-year return on $60,648 initial cash invested.

-8.8%

Cash On Cash

4.64%

Cap Rate

0.76

DSCR

$1,930

Rent

-$445

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,930 income − $2,375 expenses = $445 out of pocket

Income$1,930Out of Pocket$445Mortgage P&I$1,46576%Property Taxes$30416%Insurance$1055%Management$19310%CapEx$965%Vacancy$1166%Maintenance$965%

Investment Breakdown

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Purchase Price

$289k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$60,648

Downpayment

20%

$57,760

Closing costs

1%

$2,888

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,930

Total Expenses

$2,375

Mortgage P&I

76%

$1,465

Property Taxes

16%

$304

Home Insurance

5%

$105

HOA

0%

$0

Property Management

10%

$193

CapEx

5%

$96

Vacancy

6%

$116

Maintenance

5%

$96

Other

0%

$0

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