REI Lense

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$1,878 (target)

1126 Myrtle Avenue, New Albany, IN 47150

3 beds • 2 baths • 1954 sqft

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This property looks like a bad Long-Term investment with a projected -4.39% first-year return on $59,325 initial cash invested.

-4.39%

Cash On Cash

5.51%

Cap Rate

0.91

DSCR

$1,878

Rent

-$217

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,878 income − $2,095 expenses = $217 out of pocket

Income$1,878Out of Pocket$217Mortgage P&I$1,42076%Property Taxes$875%Insurance$995%Management$18810%CapEx$945%Vacancy$1136%Maintenance$945%

Investment Breakdown

|

Purchase Price

$283k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$59,325

Downpayment

20%

$56,500

Closing costs

1%

$2,825

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,878

Total Expenses

$2,095

Mortgage P&I

76%

$1,420

Property Taxes

5%

$87

Home Insurance

5%

$99

HOA

0%

$0

Property Management

10%

$188

CapEx

5%

$94

Vacancy

6%

$113

Maintenance

5%

$94

Other

0%

$0

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