REI Lense

REI Lense

Unlock all features! Tap here to upgrade

$1,701 (target)

1321 Locust Street, New Albany, IN 47150

3 beds • 2 baths • 1559 sqft

Email

This property looks like a bad Long-Term investment with a projected -3.17% first-year return on $48,804 initial cash invested.

-3.17%

Cash On Cash

6.16%

Cap Rate

0.96

DSCR

$1,701

Rent

-$129

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,701 income − $1,830 expenses = $129 out of pocket

Income$1,701Out of Pocket$129Mortgage P&I$1,23773%Property Taxes$674%Insurance$845%Management$17010%CapEx$855%Vacancy$1026%Maintenance$855%

Investment Breakdown

|

Purchase Price

$232k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$48,804

Downpayment

20%

$46,480

Closing costs

1%

$2,324

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,701

Total Expenses

$1,830

Mortgage P&I

73%

$1,237

Property Taxes

4%

$67

Home Insurance

5%

$84

HOA

0%

$0

Property Management

10%

$170

CapEx

5%

$85

Vacancy

6%

$102

Maintenance

5%

$85

Other

0%

$0

Enter a Property Address for Instant Investment Analysis

Fast and accurate real estate investment analysis