REI Lense

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$3,132 (target)

816 N Lake Dr, Watertown, SD 57201

3 beds • 2 baths • 2056 sqft

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This property looks like a bad Mid-Term investment with a projected -18.09% first-year return on $180k initial cash invested.

-18.09%

Cash On Cash

2.15%

Cap Rate

0.35

DSCR

$3,132

Rent

-$2,711

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,132 income − $5,843 expenses = $2,711 out of pocket

Income$3,132Out of Pocket$2,711Mortgage P&I$3,967127%Property Taxes$52617%Insurance$2859%Management$37612%CapEx$1254%Vacancy$943%Maintenance$1254%Other$34511%

Investment Breakdown

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Purchase Price

$771k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$180k

Downpayment

20%

$154k

Closing costs

1%

$7,707

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$3,132

Total Expenses

$5,843

Mortgage P&I

127%

$3,967

Property Taxes

17%

$526

Home Insurance

9%

$285

HOA

0%

$0

Property Management

12%

$376

CapEx

4%

$125

Vacancy

3%

$94

Maintenance

4%

$125

Other

11%

$345

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