REI Lense

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$2,065 (target)

620 28th St SE, Altoona, IA 50009

3 beds • 2 baths • 1346 sqft

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This property looks like a bad Long-Term investment with a projected -13.01% first-year return on $72,135 initial cash invested.

-13.01%

Cash On Cash

3.68%

Cap Rate

0.61

DSCR

$2,065

Rent

-$782

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,065 income − $2,847 expenses = $782 out of pocket

Income$2,065Out of Pocket$782Mortgage P&I$1,73184%Property Taxes$45822%Insurance$1226%Management$20610%CapEx$1035%Vacancy$1246%Maintenance$1035%

Investment Breakdown

|

Purchase Price

$344k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$72,135

Downpayment

20%

$68,700

Closing costs

1%

$3,435

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,065

Total Expenses

$2,847

Mortgage P&I

84%

$1,731

Property Taxes

22%

$458

Home Insurance

6%

$122

HOA

0%

$0

Property Management

10%

$206

CapEx

5%

$103

Vacancy

6%

$124

Maintenance

5%

$103

Other

0%

$0

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