REI Lense

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$1,536 (target)

1312 Parrett St, Evansville, IN 47713

3 beds • 3 baths • 1832 sqft

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This property looks like a bad Long-Term investment with a projected -8.07% first-year return on $56,952 initial cash invested.

-8.07%

Cash On Cash

4.68%

Cap Rate

0.78

DSCR

$1,536

Rent

-$383

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,536 income − $1,919 expenses = $383 out of pocket

Income$1,536Out of Pocket$383Mortgage P&I$1,36389%Property Taxes$513%Insurance$1057%Management$15410%CapEx$775%Vacancy$926%Maintenance$775%

Investment Breakdown

|

Purchase Price

$271k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$56,952

Downpayment

20%

$54,240

Closing costs

1%

$2,712

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,536

Total Expenses

$1,919

Mortgage P&I

89%

$1,363

Property Taxes

3%

$51

Home Insurance

7%

$105

HOA

0%

$0

Property Management

10%

$154

CapEx

5%

$77

Vacancy

6%

$92

Maintenance

5%

$77

Other

0%

$0

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