REI Lense

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$3,012 (target)

8008 Goodman Dr, Urbandale, IA 50322

3 beds • 2 baths • 1512 sqft

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This property looks like a bad Mid-Term investment with a projected -4% first-year return on $89,295 initial cash invested.

-4%

Cash On Cash

5.53%

Cap Rate

0.9

DSCR

$3,012

Rent

-$298

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,012 income − $3,310 expenses = $298 out of pocket

Income$3,012Out of Pocket$298Mortgage P&I$1,74258%Property Taxes$42714%Insurance$1194%Management$36112%CapEx$1204%Vacancy$903%Maintenance$1204%Other$33111%

Investment Breakdown

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Purchase Price

$340k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$89,295

Downpayment

20%

$67,900

Closing costs

1%

$3,395

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,012

Total Expenses

$3,310

Mortgage P&I

58%

$1,742

Property Taxes

14%

$427

Home Insurance

4%

$119

HOA

0%

$0

Property Management

12%

$361

CapEx

4%

$120

Vacancy

3%

$90

Maintenance

4%

$120

Other

11%

$331

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