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$1,960 (target)

712 Michigan St, Storm Lake, IA 50588

3 beds • 2 baths • 1214 sqft

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This property could be a profitable Mid-Term investment with a projected 11.78% first-year return on $43,788 initial cash invested.

11.78%

Cash On Cash

11.05%

Cap Rate

1.82

DSCR

$1,960

Rent

$430

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,960 income − $1,530 expenses = $430 cash flow

Income$1,960Mortgage P&I$62332%Property Taxes$19710%Insurance$442%Management$23512%CapEx$784%Vacancy$593%Maintenance$784%Other$21611%Cash Flow$430

Investment Breakdown

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Purchase Price

$123k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$43,788

Downpayment

20%

$24,560

Closing costs

1%

$1,228

Rehab

0%

$0

Furnishing

15%

$18,000

Cashflow

Total Income

$1,960

Total Expenses

$1,530

Mortgage P&I

32%

$623

Property Taxes

10%

$197

Home Insurance

2%

$44

HOA

0%

$0

Property Management

12%

$235

CapEx

4%

$78

Vacancy

3%

$59

Maintenance

4%

$78

Other

11%

$216

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