REI Lense

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$1,455 (target)

16 Mann, New Albany, IN 47150

3 beds • 2 baths • 1044 sqft

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This property looks like a bad Long-Term investment with a projected -9.36% first-year return on $48,867 initial cash invested.

-9.36%

Cash On Cash

4.78%

Cap Rate

0.75

DSCR

$1,455

Rent

-$381

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,455 income − $1,836 expenses = $381 out of pocket

Income$1,455Out of Pocket$381Mortgage P&I$1,23585%Property Taxes$14010%Insurance$826%Management$14610%CapEx$735%Vacancy$876%Maintenance$735%

Investment Breakdown

|

Purchase Price

$233k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$48,867

Downpayment

20%

$46,540

Closing costs

1%

$2,327

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,455

Total Expenses

$1,836

Mortgage P&I

85%

$1,235

Property Taxes

10%

$140

Home Insurance

6%

$82

HOA

0%

$0

Property Management

10%

$146

CapEx

5%

$73

Vacancy

6%

$87

Maintenance

5%

$73

Other

0%

$0

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