REI Lense

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$2,896 (target)

822 L Ave, Boone, IA 50036

3 beds • 3 baths • 1866 sqft

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This property looks like a bad Mid-Term investment with a projected -17.95% first-year return on $149k initial cash invested.

-17.95%

Cash On Cash

2.72%

Cap Rate

0.4

DSCR

$2,896

Rent

-$2,232

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,896 income − $5,128 expenses = $2,232 out of pocket

Income$2,896Out of Pocket$2,232Mortgage P&I$3,533122%Property Taxes$39013%Insurance$2198%Management$34812%CapEx$1164%Vacancy$873%Maintenance$1164%Other$31911%

Investment Breakdown

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Purchase Price

$625k

Downpayment

20.0%

Interest Rate

7.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$149k

Downpayment

20%

$125k

Closing costs

1%

$6,250

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$2,896

Total Expenses

$5,128

Mortgage P&I

122%

$3,533

Property Taxes

13%

$390

Home Insurance

8%

$219

HOA

0%

$0

Property Management

12%

$348

CapEx

4%

$116

Vacancy

3%

$87

Maintenance

4%

$116

Other

11%

$319

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