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$1,793 (target)

624 McKinley Ave, Des Moines, IA 50315

3 beds • 2 baths • 1426 sqft

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This property looks like a bad Long-Term investment with a projected -8.21% first-year return on $49,812 initial cash invested.

-8.21%

Cash On Cash

5.36%

Cap Rate

0.81

DSCR

$1,793

Rent

-$341

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,793 income − $2,134 expenses = $341 out of pocket

Income$1,793Out of Pocket$341Mortgage P&I$1,31173%Property Taxes$27215%Insurance$845%Management$17910%CapEx$905%Vacancy$1086%Maintenance$905%

Investment Breakdown

|

Purchase Price

$237k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$49,812

Downpayment

20%

$47,440

Closing costs

1%

$2,372

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,793

Total Expenses

$2,134

Mortgage P&I

73%

$1,311

Property Taxes

15%

$272

Home Insurance

5%

$84

HOA

0%

$0

Property Management

10%

$179

CapEx

5%

$90

Vacancy

6%

$108

Maintenance

5%

$90

Other

0%

$0

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