REI Lense

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$2,877 (target)

620 West Blvd, Rapid City, SD 57701

3 beds • 2 baths • 2925 sqft

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This property looks like a bad Mid-Term investment with a projected -10.15% first-year return on $105k initial cash invested.

-10.15%

Cash On Cash

4.11%

Cap Rate

0.65

DSCR

$2,877

Rent

-$889

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,877 income − $3,766 expenses = $889 out of pocket

Income$2,877Out of Pocket$889Mortgage P&I$2,19476%Property Taxes$45016%Insurance$1455%Management$34512%CapEx$1154%Vacancy$863%Maintenance$1154%Other$31611%

Investment Breakdown

|

Purchase Price

$415k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$105k

Downpayment

20%

$83,000

Closing costs

1%

$4,150

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$2,877

Total Expenses

$3,766

Mortgage P&I

76%

$2,194

Property Taxes

16%

$450

Home Insurance

5%

$145

HOA

0%

$0

Property Management

12%

$345

CapEx

4%

$115

Vacancy

3%

$86

Maintenance

4%

$115

Other

11%

$316

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