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$2,690 (target)

624 McKinley Ave, Des Moines, IA 50315

3 beds • 2 baths • 1426 sqft

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This property might be a fair Mid-Term investment with a projected 1.89% first-year return on $67,812 initial cash invested.

1.89%

Cash On Cash

7.72%

Cap Rate

1.16

DSCR

$2,690

Rent

$107

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,690 income − $2,583 expenses = $107 cash flow

Income$2,690Mortgage P&I$1,31149%Property Taxes$27210%Insurance$843%Management$32312%CapEx$1084%Vacancy$813%Maintenance$1084%Other$29611%Cash Flow$107

Investment Breakdown

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Purchase Price

$237k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$67,812

Downpayment

20%

$47,440

Closing costs

1%

$2,372

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,690

Total Expenses

$2,583

Mortgage P&I

49%

$1,311

Property Taxes

10%

$272

Home Insurance

3%

$84

HOA

0%

$0

Property Management

12%

$323

CapEx

4%

$108

Vacancy

3%

$81

Maintenance

4%

$108

Other

11%

$296

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