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$2,284 (target)

1514 Madison Ave, Evansville, IN 47714

3 beds • 3 baths • 1940 sqft

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This property might be a fair Mid-Term investment with a projected 5.99% first-year return on $59,139 initial cash invested.

5.99%

Cash On Cash

8.81%

Cap Rate

1.37

DSCR

$2,284

Rent

$295

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,284 income − $1,989 expenses = $295 cash flow

Income$2,284Mortgage P&I$1,05346%Property Taxes$904%Insurance$703%Management$27412%CapEx$914%Vacancy$693%Maintenance$914%Other$25111%Cash Flow$295

Investment Breakdown

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Purchase Price

$196k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$59,139

Downpayment

20%

$39,180

Closing costs

1%

$1,959

Rehab

0%

$0

Furnishing

9%

$18,000

Cashflow

Total Income

$2,284

Total Expenses

$1,989

Mortgage P&I

46%

$1,053

Property Taxes

4%

$90

Home Insurance

3%

$70

HOA

0%

$0

Property Management

12%

$274

CapEx

4%

$91

Vacancy

3%

$69

Maintenance

4%

$91

Other

11%

$251

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