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$2,511 (target)

1315 Culbertson Avenue, New Albany, IN 47150

3 beds • 2 baths • 1379 sqft

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This property might be a fair Mid-Term investment with a projected 3.11% first-year return on $65,901 initial cash invested.

3.11%

Cash On Cash

7.98%

Cap Rate

1.22

DSCR

$2,511

Rent

$171

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,511 income − $2,340 expenses = $171 cash flow

Income$2,511Mortgage P&I$1,24550%Property Taxes$1616%Insurance$823%Management$30112%CapEx$1004%Vacancy$753%Maintenance$1004%Other$27611%Cash Flow$171

Investment Breakdown

|

Purchase Price

$228k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$65,901

Downpayment

20%

$45,620

Closing costs

1%

$2,281

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,511

Total Expenses

$2,340

Mortgage P&I

50%

$1,245

Property Taxes

6%

$161

Home Insurance

3%

$82

HOA

0%

$0

Property Management

12%

$301

CapEx

4%

$100

Vacancy

3%

$75

Maintenance

4%

$100

Other

11%

$276

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