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$3,135 (target)

2003 Culbertson Avenue, New Albany, IN 47150

3 beds • 3 baths • 1515 sqft

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This property might be a fair Mid-Term investment with a projected 6.46% first-year return on $75,015 initial cash invested.

6.46%

Cash On Cash

8.62%

Cap Rate

1.37

DSCR

$3,135

Rent

$404

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,135 income − $2,731 expenses = $404 cash flow

Income$3,135Mortgage P&I$1,42245%Property Taxes$1485%Insurance$963%Management$37612%CapEx$1254%Vacancy$943%Maintenance$1254%Other$34511%Cash Flow$404

Investment Breakdown

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Purchase Price

$272k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$75,015

Downpayment

20%

$54,300

Closing costs

1%

$2,715

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$3,135

Total Expenses

$2,731

Mortgage P&I

45%

$1,422

Property Taxes

5%

$148

Home Insurance

3%

$96

HOA

0%

$0

Property Management

12%

$376

CapEx

4%

$125

Vacancy

3%

$94

Maintenance

4%

$125

Other

11%

$345

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