REI Lense

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$2,158 (target)

1308 N Benton Rd, Muncie, IN 47304

3 beds • 2 baths • 1523 sqft

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This property looks like a bad Mid-Term investment with a projected -2.23% first-year return on $71,046 initial cash invested.

-2.23%

Cash On Cash

5.97%

Cap Rate

0.96

DSCR

$2,158

Rent

-$132

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,158 income − $2,290 expenses = $132 out of pocket

Income$2,158Out of Pocket$132Mortgage P&I$1,30260%Property Taxes$1648%Insurance$914%Management$25912%CapEx$864%Vacancy$653%Maintenance$864%Other$23711%

Investment Breakdown

|

Purchase Price

$253k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$71,046

Downpayment

20%

$50,520

Closing costs

1%

$2,526

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,158

Total Expenses

$2,290

Mortgage P&I

60%

$1,302

Property Taxes

8%

$164

Home Insurance

4%

$91

HOA

0%

$0

Property Management

12%

$259

CapEx

4%

$86

Vacancy

3%

$65

Maintenance

4%

$86

Other

11%

$237

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