REI Lense

REI Lense

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$1,520 (target)

1505 N Briar Rd, Muncie, IN 47304

3 beds • 2 baths • 1687 sqft

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This property looks like a bad Long-Term investment with a projected -6.22% first-year return on $44,394 initial cash invested.

-6.22%

Cash On Cash

5.5%

Cap Rate

0.86

DSCR

$1,520

Rent

-$230

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,520 income − $1,750 expenses = $230 out of pocket

Income$1,520Out of Pocket$230Mortgage P&I$1,12374%Property Taxes$14610%Insurance$866%Management$15210%CapEx$765%Vacancy$916%Maintenance$765%

Investment Breakdown

|

Purchase Price

$211k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$44,394

Downpayment

20%

$42,280

Closing costs

1%

$2,114

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,520

Total Expenses

$1,750

Mortgage P&I

74%

$1,123

Property Taxes

10%

$146

Home Insurance

6%

$86

HOA

0%

$0

Property Management

10%

$152

CapEx

5%

$76

Vacancy

6%

$91

Maintenance

5%

$76

Other

0%

$0

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