REI Lense

REI Lense

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$2,230 (target)

15519 Colfax St, Lowell, IN 46356

3 beds • 2 baths • 1695 sqft

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This property looks like a bad Long-Term investment with a projected -6.91% first-year return on $69,678 initial cash invested.

-6.91%

Cash On Cash

5.12%

Cap Rate

0.83

DSCR

$2,230

Rent

-$401

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,230 income − $2,631 expenses = $401 out of pocket

Income$2,230Out of Pocket$401Mortgage P&I$1,70476%Property Taxes$1898%Insurance$1386%HOA$191%Management$22310%CapEx$1125%Vacancy$1346%Maintenance$1125%

Investment Breakdown

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Purchase Price

$332k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$69,678

Downpayment

20%

$66,360

Closing costs

1%

$3,318

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,230

Total Expenses

$2,631

Mortgage P&I

76%

$1,704

Property Taxes

8%

$189

Home Insurance

6%

$138

HOA

1%

$19

Property Management

10%

$223

CapEx

5%

$112

Vacancy

6%

$134

Maintenance

5%

$112

Other

0%

$0

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