REI Lense

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$1,701 (target)

658 28th Street Ct SE, Cedar Rapids, IA 52403

3 beds • 2 baths • 1303 sqft

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This property looks like a bad Long-Term investment with a projected -4.99% first-year return on $44,268 initial cash invested.

-4.99%

Cash On Cash

5.9%

Cap Rate

0.91

DSCR

$1,701

Rent

-$184

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,701 income − $1,885 expenses = $184 out of pocket

Income$1,701Out of Pocket$184Mortgage P&I$1,13667%Property Taxes$23214%Insurance$754%Management$17010%CapEx$855%Vacancy$1026%Maintenance$855%

Investment Breakdown

|

Purchase Price

$211k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$44,268

Downpayment

20%

$42,160

Closing costs

1%

$2,108

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,701

Total Expenses

$1,885

Mortgage P&I

67%

$1,136

Property Taxes

14%

$232

Home Insurance

4%

$75

HOA

0%

$0

Property Management

10%

$170

CapEx

5%

$85

Vacancy

6%

$102

Maintenance

5%

$85

Other

0%

$0

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