REI Lense

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$4,734 (target)

1700 Oak Grove Dr, New Albany, IN 47150

3 beds • 4 baths • 3633 sqft

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This property might be a fair Mid-Term investment with a projected 2.84% first-year return on $117k initial cash invested.

2.84%

Cash On Cash

7.37%

Cap Rate

1.19

DSCR

$4,734

Rent

$277

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,734 income − $4,457 expenses = $277 cash flow

Income$4,734Mortgage P&I$2,43551%Property Taxes$2245%Insurance$1724%HOA$17Management$56812%CapEx$1894%Vacancy$1423%Maintenance$1894%Other$52111%Cash Flow$277

Investment Breakdown

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Purchase Price

$473k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$117k

Downpayment

20%

$94,520

Closing costs

1%

$4,726

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$4,734

Total Expenses

$4,457

Mortgage P&I

51%

$2,435

Property Taxes

5%

$224

Home Insurance

4%

$172

HOA

0%

$17

Property Management

12%

$568

CapEx

4%

$189

Vacancy

3%

$142

Maintenance

4%

$189

Other

11%

$521

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