REI Lense

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$3,572 (target)

6917 Chelsea Dr NE, Cedar Rapids, IA 52402

3 beds • 3 baths • 2458 sqft

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This property might be a fair Mid-Term investment with a projected 3.71% first-year return on $83,373 initial cash invested.

3.71%

Cash On Cash

7.54%

Cap Rate

1.26

DSCR

$3,572

Rent

$258

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$311k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$83,373

Downpayment

20%

$62,260

Closing costs

1%

$3,113

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,572

Total Expenses

$3,314

Mortgage P&I

44%

$1,555

Property Taxes

12%

$432

Home Insurance

3%

$112

HOA

0%

$0

Property Management

12%

$429

CapEx

4%

$143

Vacancy

3%

$107

Maintenance

4%

$143

Other

11%

$393

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