REI Lense

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$2,716 (target)

124 E Mill Rd, Evansville, IN 47711

3 beds • 3 baths • 2414 sqft

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This property looks like a bad Mid-Term investment with a projected -7.34% first-year return on $102k initial cash invested.

-7.34%

Cash On Cash

4.81%

Cap Rate

0.76

DSCR

$2,716

Rent

-$624

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,716 income − $3,340 expenses = $624 out of pocket

Income$2,716Out of Pocket$624Mortgage P&I$2,11778%Property Taxes$1596%Insurance$1405%Management$32612%CapEx$1094%Vacancy$813%Maintenance$1094%Other$29911%

Investment Breakdown

|

Purchase Price

$400k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$102k

Downpayment

20%

$79,980

Closing costs

1%

$3,999

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,716

Total Expenses

$3,340

Mortgage P&I

78%

$2,117

Property Taxes

6%

$159

Home Insurance

5%

$140

HOA

0%

$0

Property Management

12%

$326

CapEx

4%

$109

Vacancy

3%

$81

Maintenance

4%

$109

Other

11%

$299

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