REI Lense

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$1,255 (target)

1601 S Wall Ave, Muncie, IN 47302

3 beds • 2 baths • 1020 sqft

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This property could be a profitable Long-Term investment with a projected 30.79% first-year return on $16,800 initial cash invested.

30.79%

Cash On Cash

13.65%

Cap Rate

2.19

DSCR

$1,255

Rent

$431

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,255 income − $824 expenses = $431 cash flow

Income$1,255Mortgage P&I$41633%Property Taxes$534%Insurance$282%Management$12610%CapEx$635%Vacancy$756%Maintenance$635%Cash Flow$431

Investment Breakdown

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Purchase Price

$80,000

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$16,800

Downpayment

20%

$16,000

Closing costs

1%

$800

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,255

Total Expenses

$824

Mortgage P&I

33%

$416

Property Taxes

4%

$53

Home Insurance

2%

$28

HOA

0%

$0

Property Management

10%

$126

CapEx

5%

$63

Vacancy

6%

$75

Maintenance

5%

$63

Other

0%

$0

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