REI Lense

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$2,898 (target)

6501 Madison Ave, Urbandale, IA 50322

3 beds • 2 baths • 1120 sqft

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This property might be a fair Mid-Term investment with a projected 3.64% first-year return on $65,586 initial cash invested.

3.64%

Cash On Cash

8.12%

Cap Rate

1.26

DSCR

$2,898

Rent

$199

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,898 income − $2,699 expenses = $199 cash flow

Income$2,898Mortgage P&I$1,21842%Property Taxes$41514%Insurance$803%Management$34812%CapEx$1164%Vacancy$873%Maintenance$1164%Other$31911%Cash Flow$199

Investment Breakdown

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Purchase Price

$227k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$65,586

Downpayment

20%

$45,320

Closing costs

1%

$2,266

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,898

Total Expenses

$2,699

Mortgage P&I

42%

$1,218

Property Taxes

14%

$415

Home Insurance

3%

$80

HOA

0%

$0

Property Management

12%

$348

CapEx

4%

$116

Vacancy

3%

$87

Maintenance

4%

$116

Other

11%

$319

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