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$1,307 (target)

712 Michigan St, Storm Lake, IA 50588

3 beds • 2 baths • 1214 sqft

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This property might be a fair Long-Term investment with a projected 4.84% first-year return on $25,788 initial cash invested.

4.84%

Cash On Cash

7.74%

Cap Rate

1.27

DSCR

$1,307

Rent

$104

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,307 income − $1,203 expenses = $104 cash flow

Income$1,307Mortgage P&I$62348%Property Taxes$19715%Insurance$443%Management$13110%CapEx$655%Vacancy$786%Maintenance$655%Cash Flow$104

Investment Breakdown

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Purchase Price

$123k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$25,788

Downpayment

20%

$24,560

Closing costs

1%

$1,228

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,307

Total Expenses

$1,203

Mortgage P&I

48%

$623

Property Taxes

15%

$197

Home Insurance

3%

$44

HOA

0%

$0

Property Management

10%

$131

CapEx

5%

$65

Vacancy

6%

$78

Maintenance

5%

$65

Other

0%

$0

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