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$2,280 (target)

1505 N Briar Rd, Muncie, IN 47304

3 beds • 2 baths • 1687 sqft

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This property might be a fair Mid-Term investment with a projected 2.88% first-year return on $62,394 initial cash invested.

2.88%

Cash On Cash

7.74%

Cap Rate

1.21

DSCR

$2,280

Rent

$150

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,280 income − $2,130 expenses = $150 cash flow

Income$2,280Mortgage P&I$1,12349%Property Taxes$1466%Insurance$864%Management$27412%CapEx$914%Vacancy$683%Maintenance$914%Other$25111%Cash Flow$150

Investment Breakdown

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Purchase Price

$211k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$62,394

Downpayment

20%

$42,280

Closing costs

1%

$2,114

Rehab

0%

$0

Furnishing

9%

$18,000

Cashflow

Total Income

$2,280

Total Expenses

$2,130

Mortgage P&I

49%

$1,123

Property Taxes

6%

$146

Home Insurance

4%

$86

HOA

0%

$0

Property Management

12%

$274

CapEx

4%

$91

Vacancy

3%

$68

Maintenance

4%

$91

Other

11%

$251

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