REI Lense

REI Lense

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$1,783 (target)

920 9th Ave NW, Altoona, IA 50009

3 beds • 3 baths • 1234 sqft

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This property looks like a bad Long-Term investment with a projected -6.77% first-year return on $56,364 initial cash invested.

-6.77%

Cash On Cash

4.99%

Cap Rate

0.83

DSCR

$1,783

Rent

-$318

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,783 income − $2,101 expenses = $318 out of pocket

Income$1,783Out of Pocket$318Mortgage P&I$1,34675%Property Taxes$19611%Insurance$965%Management$17810%CapEx$895%Vacancy$1076%Maintenance$895%

Investment Breakdown

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Purchase Price

$268k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$56,364

Downpayment

20%

$53,680

Closing costs

1%

$2,684

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,783

Total Expenses

$2,101

Mortgage P&I

75%

$1,346

Property Taxes

11%

$196

Home Insurance

5%

$96

HOA

0%

$0

Property Management

10%

$178

CapEx

5%

$89

Vacancy

6%

$107

Maintenance

5%

$89

Other

0%

$0

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