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$1,674 (target)

1315 Culbertson Avenue, New Albany, IN 47150

3 beds • 2 baths • 1379 sqft

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This property looks like a bad Long-Term investment with a projected -6.24% first-year return on $47,901 initial cash invested.

-6.24%

Cash On Cash

5.68%

Cap Rate

0.87

DSCR

$1,674

Rent

-$249

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,674 income − $1,923 expenses = $249 out of pocket

Income$1,674Out of Pocket$249Mortgage P&I$1,24574%Property Taxes$16110%Insurance$825%Management$16710%CapEx$845%Vacancy$1006%Maintenance$845%

Investment Breakdown

|

Purchase Price

$228k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$47,901

Downpayment

20%

$45,620

Closing costs

1%

$2,281

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,674

Total Expenses

$1,923

Mortgage P&I

74%

$1,245

Property Taxes

10%

$161

Home Insurance

5%

$82

HOA

0%

$0

Property Management

10%

$167

CapEx

5%

$84

Vacancy

6%

$100

Maintenance

5%

$84

Other

0%

$0

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