REI Lense

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$1,974 (target)

1344 Lockard Street, Madison, IN 47250

3 beds • 2 baths • 1649 sqft

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This property looks like a bad Long-Term investment with a projected -8.34% first-year return on $70,098 initial cash invested.

-8.34%

Cash On Cash

4.71%

Cap Rate

0.77

DSCR

$1,974

Rent

-$487

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,974 income − $2,461 expenses = $487 out of pocket

Income$1,974Out of Pocket$487Mortgage P&I$1,69786%Property Taxes$1297%Insurance$1226%Management$19710%CapEx$995%Vacancy$1186%Maintenance$995%

Investment Breakdown

|

Purchase Price

$334k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$70,098

Downpayment

20%

$66,760

Closing costs

1%

$3,338

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,974

Total Expenses

$2,461

Mortgage P&I

86%

$1,697

Property Taxes

7%

$129

Home Insurance

6%

$122

HOA

0%

$0

Property Management

10%

$197

CapEx

5%

$99

Vacancy

6%

$118

Maintenance

5%

$99

Other

0%

$0

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