REI Lense

REI Lense

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$2,830 (target)

18441 Somerville Ct, Evansville, IN 47725

3 beds • 3 baths • 2820 sqft

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This property looks like a bad Long-Term investment with a projected -16.51% first-year return on $127k initial cash invested.

-16.51%

Cash On Cash

2.91%

Cap Rate

0.48

DSCR

$2,830

Rent

-$1,753

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,830 income − $4,583 expenses = $1,753 out of pocket

Income$2,830Out of Pocket$1,753Mortgage P&I$3,082109%Property Taxes$50218%Insurance$2127%HOA$502%Management$28310%CapEx$1425%Vacancy$1706%Maintenance$1425%

Investment Breakdown

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Purchase Price

$607k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$127k

Downpayment

20%

$121k

Closing costs

1%

$6,069

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,830

Total Expenses

$4,583

Mortgage P&I

109%

$3,082

Property Taxes

18%

$502

Home Insurance

7%

$212

HOA

2%

$50

Property Management

10%

$283

CapEx

5%

$142

Vacancy

6%

$170

Maintenance

5%

$142

Other

0%

$0

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