REI Lense

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$2,088 (target)

816 N Lake Dr, Watertown, SD 57201

3 beds • 2 baths • 2056 sqft

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This property looks like a bad Long-Term investment with a projected -23.96% first-year return on $162k initial cash invested.

-23.96%

Cash On Cash

1.31%

Cap Rate

0.21

DSCR

$2,088

Rent

-$3,232

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,088 income − $5,320 expenses = $3,232 out of pocket

Income$2,088Out of Pocket$3,232Mortgage P&I$3,967190%Property Taxes$52625%Insurance$28514%Management$20910%CapEx$1045%Vacancy$1256%Maintenance$1045%

Investment Breakdown

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Purchase Price

$771k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$162k

Downpayment

20%

$154k

Closing costs

1%

$7,707

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,088

Total Expenses

$5,320

Mortgage P&I

190%

$3,967

Property Taxes

25%

$526

Home Insurance

14%

$285

HOA

0%

$0

Property Management

10%

$209

CapEx

5%

$104

Vacancy

6%

$125

Maintenance

5%

$104

Other

0%

$0

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