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$1,586 (target)

920 E 4th Ave, Mitchell, SD 57301

3 beds • 2 baths • 1250 sqft

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This property looks like a bad Mid-Term investment with a projected -6.97% first-year return on $63,150 initial cash invested.

-6.97%

Cash On Cash

4.77%

Cap Rate

0.74

DSCR

$1,586

Rent

-$367

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,586 income − $1,953 expenses = $367 out of pocket

Income$1,586Out of Pocket$367Mortgage P&I$1,15873%Property Taxes$17811%Insurance$795%Management$19012%CapEx$634%Vacancy$483%Maintenance$634%Other$17411%

Investment Breakdown

|

Purchase Price

$215k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$63,150

Downpayment

20%

$43,000

Closing costs

1%

$2,150

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$1,586

Total Expenses

$1,953

Mortgage P&I

73%

$1,158

Property Taxes

11%

$178

Home Insurance

5%

$79

HOA

0%

$0

Property Management

12%

$190

CapEx

4%

$63

Vacancy

3%

$48

Maintenance

4%

$63

Other

11%

$174

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