REI Lense

REI Lense

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$3,156 (target)

1700 Oak Grove Dr, New Albany, IN 47150

3 beds • 4 baths • 3633 sqft

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This property looks like a bad Long-Term investment with a projected -6.2% first-year return on $99,246 initial cash invested.

-6.2%

Cash On Cash

5.28%

Cap Rate

0.85

DSCR

$3,156

Rent

-$513

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,156 income − $3,669 expenses = $513 out of pocket

Income$3,156Out of Pocket$513Mortgage P&I$2,43577%Property Taxes$2247%Insurance$1725%HOA$171%Management$31610%CapEx$1585%Vacancy$1896%Maintenance$1585%

Investment Breakdown

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Purchase Price

$473k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$99,246

Downpayment

20%

$94,520

Closing costs

1%

$4,726

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,156

Total Expenses

$3,669

Mortgage P&I

77%

$2,435

Property Taxes

7%

$224

Home Insurance

5%

$172

HOA

1%

$17

Property Management

10%

$316

CapEx

5%

$158

Vacancy

6%

$189

Maintenance

5%

$158

Other

0%

$0

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