REI Lense

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$3,098 (target)

620 28th St SE, Altoona, IA 50009

3 beds • 2 baths • 1346 sqft

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This property looks like a bad Mid-Term investment with a projected -3.55% first-year return on $90,135 initial cash invested.

-3.55%

Cash On Cash

5.55%

Cap Rate

0.92

DSCR

$3,098

Rent

-$267

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,098 income − $3,365 expenses = $267 out of pocket

Income$3,098Out of Pocket$267Mortgage P&I$1,73156%Property Taxes$45815%Insurance$1224%Management$37212%CapEx$1244%Vacancy$933%Maintenance$1244%Other$34111%

Investment Breakdown

|

Purchase Price

$344k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$90,135

Downpayment

20%

$68,700

Closing costs

1%

$3,435

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,098

Total Expenses

$3,365

Mortgage P&I

56%

$1,731

Property Taxes

15%

$458

Home Insurance

4%

$122

HOA

0%

$0

Property Management

12%

$372

CapEx

4%

$124

Vacancy

3%

$93

Maintenance

4%

$124

Other

11%

$341

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