REI Lense

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$1,103 (target)

803 N Sanborn Blvd, Mitchell, SD 57301

3 beds • 2 baths • 1772 sqft

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This property looks like a bad Long-Term investment with a projected -12.92% first-year return on $44,310 initial cash invested.

-12.92%

Cash On Cash

3.76%

Cap Rate

0.61

DSCR

$1,103

Rent

-$477

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,103 income − $1,580 expenses = $477 out of pocket

Income$1,103Out of Pocket$477Mortgage P&I$1,08498%Property Taxes$13612%Insurance$747%Management$11010%CapEx$555%Vacancy$666%Maintenance$555%

Investment Breakdown

|

Purchase Price

$211k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$44,310

Downpayment

20%

$42,200

Closing costs

1%

$2,110

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,103

Total Expenses

$1,580

Mortgage P&I

98%

$1,084

Property Taxes

12%

$136

Home Insurance

7%

$74

HOA

0%

$0

Property Management

10%

$110

CapEx

5%

$55

Vacancy

6%

$66

Maintenance

5%

$55

Other

0%

$0

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