REI Lense

REI Lense

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$1,439 (target)

1308 N Benton Rd, Muncie, IN 47304

3 beds • 2 baths • 1523 sqft

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This property looks like a bad Long-Term investment with a projected -11.13% first-year return on $53,046 initial cash invested.

-11.13%

Cash On Cash

4.19%

Cap Rate

0.68

DSCR

$1,439

Rent

-$492

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,439 income − $1,931 expenses = $492 out of pocket

Income$1,439Out of Pocket$492Mortgage P&I$1,30290%Property Taxes$16411%Insurance$916%Management$14410%CapEx$725%Vacancy$866%Maintenance$725%

Investment Breakdown

|

Purchase Price

$253k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$53,046

Downpayment

20%

$50,520

Closing costs

1%

$2,526

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,439

Total Expenses

$1,931

Mortgage P&I

90%

$1,302

Property Taxes

11%

$164

Home Insurance

6%

$91

HOA

0%

$0

Property Management

10%

$144

CapEx

5%

$72

Vacancy

6%

$86

Maintenance

5%

$72

Other

0%

$0

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