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$1,882 (target)

1601 S Wall Ave, Muncie, IN 47302

3 beds • 2 baths • 1020 sqft

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This property could be a profitable Mid-Term investment with a projected 25.72% first-year return on $34,800 initial cash invested.

25.72%

Cash On Cash

18.56%

Cap Rate

2.97

DSCR

$1,882

Rent

$746

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,882 income − $1,136 expenses = $746 cash flow

Income$1,882Mortgage P&I$41622%Property Taxes$533%Insurance$281%Management$22612%CapEx$754%Vacancy$563%Maintenance$754%Other$20711%Cash Flow$746

Investment Breakdown

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Purchase Price

$80,000

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$34,800

Downpayment

20%

$16,000

Closing costs

1%

$800

Rehab

0%

$0

Furnishing

23%

$18,000

Cashflow

Total Income

$1,882

Total Expenses

$1,136

Mortgage P&I

22%

$416

Property Taxes

3%

$53

Home Insurance

1%

$28

HOA

0%

$0

Property Management

12%

$226

CapEx

4%

$75

Vacancy

3%

$56

Maintenance

4%

$75

Other

11%

$207

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