REI Lense

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$1,643 (target)

1837 E Oak Street, New Albany, IN 47150

3 beds • 2 baths • 1746 sqft

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This property looks like a bad Long-Term investment with a projected -11.09% first-year return on $63,105 initial cash invested.

-11.09%

Cash On Cash

4.15%

Cap Rate

0.67

DSCR

$1,643

Rent

-$583

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,643 income − $2,226 expenses = $583 out of pocket

Income$1,643Out of Pocket$583Mortgage P&I$1,53994%Property Taxes$1509%Insurance$1107%Management$16410%CapEx$825%Vacancy$996%Maintenance$825%

Investment Breakdown

|

Purchase Price

$301k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$63,105

Downpayment

20%

$60,100

Closing costs

1%

$3,005

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,643

Total Expenses

$2,226

Mortgage P&I

94%

$1,539

Property Taxes

9%

$150

Home Insurance

7%

$110

HOA

0%

$0

Property Management

10%

$164

CapEx

5%

$82

Vacancy

6%

$99

Maintenance

5%

$82

Other

0%

$0

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