REI Lense

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$1,404 (target)

806 E 9th St S, Newton, IA 50208

3 beds • 2 baths • 1529 sqft

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This property looks like a bad Long-Term investment with a projected -16.3% first-year return on $60,900 initial cash invested.

-16.3%

Cash On Cash

2.86%

Cap Rate

0.48

DSCR

$1,404

Rent

-$827

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,404 income − $2,231 expenses = $827 out of pocket

Income$1,404Out of Pocket$827Mortgage P&I$1,449103%Property Taxes$31623%Insurance$1027%Management$14010%CapEx$705%Vacancy$846%Maintenance$705%

Investment Breakdown

|

Purchase Price

$290k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$60,900

Downpayment

20%

$58,000

Closing costs

1%

$2,900

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,404

Total Expenses

$2,231

Mortgage P&I

103%

$1,449

Property Taxes

23%

$316

Home Insurance

7%

$102

HOA

0%

$0

Property Management

10%

$140

CapEx

5%

$70

Vacancy

6%

$84

Maintenance

5%

$70

Other

0%

$0

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