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$2,122 (target)

1504 E 22nd St, Muncie, IN 47302

3 beds • 2 baths • 1500 sqft

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This property might be a fair Mid-Term investment with a projected 8.98% first-year return on $51,579 initial cash invested.

8.98%

Cash On Cash

10.17%

Cap Rate

1.53

DSCR

$2,122

Rent

$386

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,122 income − $1,736 expenses = $386 cash flow

Income$2,122Mortgage P&I$88442%Property Taxes$743%Insurance$563%Management$25512%CapEx$854%Vacancy$643%Maintenance$854%Other$23311%Cash Flow$386

Investment Breakdown

|

Purchase Price

$160k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$51,579

Downpayment

20%

$31,980

Closing costs

1%

$1,599

Rehab

0%

$0

Furnishing

11%

$18,000

Cashflow

Total Income

$2,122

Total Expenses

$1,736

Mortgage P&I

42%

$884

Property Taxes

3%

$74

Home Insurance

3%

$56

HOA

0%

$0

Property Management

12%

$255

CapEx

4%

$85

Vacancy

3%

$64

Maintenance

4%

$85

Other

11%

$233

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