REI Lense

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$2,001 (target)

1007 N Main Street, Salem, IN 47167

3 beds • 2 baths • 1414 sqft

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This property might be a fair Mid-Term investment with a projected 2.72% first-year return on $54,729 initial cash invested.

2.72%

Cash On Cash

7.81%

Cap Rate

1.22

DSCR

$2,001

Rent

$124

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,001 income − $1,877 expenses = $124 cash flow

Income$2,001Mortgage P&I$93447%Property Taxes$20210%Insurance$613%Management$24012%CapEx$804%Vacancy$603%Maintenance$804%Other$22011%Cash Flow$124

Investment Breakdown

|

Purchase Price

$175k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$54,729

Downpayment

20%

$34,980

Closing costs

1%

$1,749

Rehab

0%

$0

Furnishing

10%

$18,000

Cashflow

Total Income

$2,001

Total Expenses

$1,877

Mortgage P&I

47%

$934

Property Taxes

10%

$202

Home Insurance

3%

$61

HOA

0%

$0

Property Management

12%

$240

CapEx

4%

$80

Vacancy

3%

$60

Maintenance

4%

$80

Other

11%

$220

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