REI Lense

REI Lense

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$2,256 (target)

1499 E Rudder Road, Salem, IN 47167

3 beds • 3 baths • 2728 sqft

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This property looks like a bad Long-Term investment with a projected -10.32% first-year return on $85,890 initial cash invested.

-10.32%

Cash On Cash

4.2%

Cap Rate

0.7

DSCR

$2,256

Rent

-$739

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$409k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$85,890

Downpayment

20%

$81,800

Closing costs

1%

$4,090

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,256

Total Expenses

$2,995

Mortgage P&I

91%

$2,059

Property Taxes

9%

$200

Home Insurance

7%

$149

HOA

0%

$0

Property Management

10%

$226

CapEx

5%

$113

Vacancy

6%

$135

Maintenance

5%

$113

Other

0%

$0

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