REI Lense

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$2,205 (target)

1630 Inke Rd, Richmond, IN 47374

3 beds • 2 baths • 1456 sqft

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This property looks like a bad Mid-Term investment with a projected -1.08% first-year return on $62,079 initial cash invested.

-1.08%

Cash On Cash

6.69%

Cap Rate

1.03

DSCR

$2,205

Rent

-$56

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,205 income − $2,261 expenses = $56 out of pocket

Income$2,205Out of Pocket$56Mortgage P&I$1,13852%Property Taxes$29914%Insurance$743%Management$26512%CapEx$884%Vacancy$663%Maintenance$884%Other$24311%

Investment Breakdown

|

Purchase Price

$210k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$62,079

Downpayment

20%

$41,980

Closing costs

1%

$2,099

Rehab

0%

$0

Furnishing

9%

$18,000

Cashflow

Total Income

$2,205

Total Expenses

$2,261

Mortgage P&I

52%

$1,138

Property Taxes

14%

$299

Home Insurance

3%

$74

HOA

0%

$0

Property Management

12%

$265

CapEx

4%

$88

Vacancy

3%

$66

Maintenance

4%

$88

Other

11%

$243

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