REI Lense

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$1,981 (target)

1615 E East Lake Dr, Sullivan, IN 47882

3 beds • 3 baths • 2082 sqft

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This property looks like a bad Long-Term investment with a projected -8.01% first-year return on $69,783 initial cash invested.

-8.01%

Cash On Cash

4.86%

Cap Rate

0.79

DSCR

$1,981

Rent

-$466

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,981 income − $2,447 expenses = $466 out of pocket

Income$1,981Out of Pocket$466Mortgage P&I$1,71286%Property Taxes$995%Insurance$1216%Management$19810%CapEx$995%Vacancy$1196%Maintenance$995%

Investment Breakdown

|

Purchase Price

$332k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$69,783

Downpayment

20%

$66,460

Closing costs

1%

$3,323

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,981

Total Expenses

$2,447

Mortgage P&I

86%

$1,712

Property Taxes

5%

$99

Home Insurance

6%

$121

HOA

0%

$0

Property Management

10%

$198

CapEx

5%

$99

Vacancy

6%

$119

Maintenance

5%

$99

Other

0%

$0

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