REI Lense

REI Lense

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$1,470 (target)

1630 Inke Rd, Richmond, IN 47374

3 beds • 2 baths • 1456 sqft

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This property looks like a bad Long-Term investment with a projected -11.54% first-year return on $44,079 initial cash invested.

-11.54%

Cash On Cash

4.51%

Cap Rate

0.69

DSCR

$1,470

Rent

-$424

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,470 income − $1,894 expenses = $424 out of pocket

Income$1,470Out of Pocket$424Mortgage P&I$1,13877%Property Taxes$29920%Insurance$745%Management$14710%CapEx$745%Vacancy$886%Maintenance$745%

Investment Breakdown

|

Purchase Price

$210k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$44,079

Downpayment

20%

$41,980

Closing costs

1%

$2,099

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,470

Total Expenses

$1,894

Mortgage P&I

77%

$1,138

Property Taxes

20%

$299

Home Insurance

5%

$74

HOA

0%

$0

Property Management

10%

$147

CapEx

5%

$74

Vacancy

6%

$88

Maintenance

5%

$74

Other

0%

$0

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