REI Lense

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$1,896 (target)

1683 E Springwood Dr, Sullivan, IN 47882

3 beds • 2 baths • 2506 sqft

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This property looks like a bad Long-Term investment with a projected -14.4% first-year return on $88,074 initial cash invested.

-14.4%

Cash On Cash

3.29%

Cap Rate

0.54

DSCR

$1,896

Rent

-$1,057

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,896 income − $2,953 expenses = $1,057 out of pocket

Income$1,896Out of Pocket$1,057Mortgage P&I$2,111111%Property Taxes$19410%Insurance$1548%Management$19010%CapEx$955%Vacancy$1146%Maintenance$955%

Investment Breakdown

|

Purchase Price

$419k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$88,074

Downpayment

20%

$83,880

Closing costs

1%

$4,194

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,896

Total Expenses

$2,953

Mortgage P&I

111%

$2,111

Property Taxes

10%

$194

Home Insurance

8%

$154

HOA

0%

$0

Property Management

10%

$190

CapEx

5%

$95

Vacancy

6%

$114

Maintenance

5%

$95

Other

0%

$0

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