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$3,507 (target)

1603 Woodland Road, New Albany, IN 47150

3 beds • 2 baths • 2658 sqft

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This property looks like a bad Mid-Term investment with a projected -0.62% first-year return on $102k initial cash invested.

-0.62%

Cash On Cash

6.45%

Cap Rate

1.04

DSCR

$3,507

Rent

-$53

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,507 income − $3,560 expenses = $53 out of pocket

Income$3,507Out of Pocket$53Mortgage P&I$2,06459%Property Taxes$1645%Insurance$1404%Management$42112%CapEx$1404%Vacancy$1053%Maintenance$1404%Other$38611%

Investment Breakdown

|

Purchase Price

$400k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$102k

Downpayment

20%

$79,980

Closing costs

1%

$3,999

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,507

Total Expenses

$3,560

Mortgage P&I

59%

$2,064

Property Taxes

5%

$164

Home Insurance

4%

$140

HOA

0%

$0

Property Management

12%

$421

CapEx

4%

$140

Vacancy

3%

$105

Maintenance

4%

$140

Other

11%

$386

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