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$2,552 (target)

1321 Locust Street, New Albany, IN 47150

3 beds • 2 baths • 1559 sqft

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This property might be a fair Mid-Term investment with a projected 5.32% first-year return on $66,804 initial cash invested.

5.32%

Cash On Cash

8.44%

Cap Rate

1.32

DSCR

$2,552

Rent

$296

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,552 income − $2,256 expenses = $296 cash flow

Income$2,552Mortgage P&I$1,23748%Property Taxes$673%Insurance$843%Management$30612%CapEx$1024%Vacancy$773%Maintenance$1024%Other$28111%Cash Flow$296

Investment Breakdown

|

Purchase Price

$232k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$66,804

Downpayment

20%

$46,480

Closing costs

1%

$2,324

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,552

Total Expenses

$2,256

Mortgage P&I

48%

$1,237

Property Taxes

3%

$67

Home Insurance

3%

$84

HOA

0%

$0

Property Management

12%

$306

CapEx

4%

$102

Vacancy

3%

$77

Maintenance

4%

$102

Other

11%

$281

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