REI Lense

REI Lense

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$1,508 (target)

1210 Potomac Ave, Lafayette, IN 47905

3 beds • 2 baths • 1392 sqft

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This property looks like a bad Long-Term investment with a projected -8.9% first-year return on $53,550 initial cash invested.

-8.9%

Cash On Cash

4.5%

Cap Rate

0.75

DSCR

$1,508

Rent

-$397

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,508 income − $1,905 expenses = $397 out of pocket

Income$1,508Out of Pocket$397Mortgage P&I$1,27885%Property Taxes$14710%Insurance$896%Management$15110%CapEx$755%Vacancy$906%Maintenance$755%

Investment Breakdown

|

Purchase Price

$255k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$53,550

Downpayment

20%

$51,000

Closing costs

1%

$2,550

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,508

Total Expenses

$1,905

Mortgage P&I

85%

$1,278

Property Taxes

10%

$147

Home Insurance

6%

$89

HOA

0%

$0

Property Management

10%

$151

CapEx

5%

$75

Vacancy

6%

$90

Maintenance

5%

$75

Other

0%

$0

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