REI Lense

REI Lense

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$2,253 (target)

1705 Crestview Drive, New Albany, IN 47150

3 beds • 2 baths • 2284 sqft

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This property looks like a bad Long-Term investment with a projected -11.4% first-year return on $92,547 initial cash invested.

-11.4%

Cash On Cash

3.84%

Cap Rate

0.65

DSCR

$2,253

Rent

-$879

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$441k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$92,547

Downpayment

20%

$88,140

Closing costs

1%

$4,407

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,253

Total Expenses

$3,132

Mortgage P&I

97%

$2,177

Property Taxes

9%

$208

Home Insurance

7%

$161

HOA

0%

$0

Property Management

10%

$225

CapEx

5%

$113

Vacancy

6%

$135

Maintenance

5%

$113

Other

0%

$0

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