REI Lense

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$1,440 (target)

808 N Park St, Watertown, SD 57201

3 beds • 2 baths • 1580 sqft

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This property looks like a bad Long-Term investment with a projected -9.5% first-year return on $49,917 initial cash invested.

-9.5%

Cash On Cash

4.5%

Cap Rate

0.73

DSCR

$1,440

Rent

-$395

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,440 income − $1,835 expenses = $395 out of pocket

Income$1,440Out of Pocket$395Mortgage P&I$1,21484%Property Taxes$17012%Insurance$775%Management$14410%CapEx$725%Vacancy$866%Maintenance$725%

Investment Breakdown

|

Purchase Price

$238k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$49,917

Downpayment

20%

$47,540

Closing costs

1%

$2,377

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,440

Total Expenses

$1,835

Mortgage P&I

84%

$1,214

Property Taxes

12%

$170

Home Insurance

5%

$77

HOA

0%

$0

Property Management

10%

$144

CapEx

5%

$72

Vacancy

6%

$86

Maintenance

5%

$72

Other

0%

$0

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