REI Lense

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$2,920 (target)

2028 S State Road 60, Salem, IN 47167

3 beds • 3 baths • 1955 sqft

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This property looks like a bad Mid-Term investment with a projected -3.77% first-year return on $97,800 initial cash invested.

-3.77%

Cash On Cash

5.5%

Cap Rate

0.9

DSCR

$2,920

Rent

-$307

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,920 income − $3,227 expenses = $307 out of pocket

Income$2,920Out of Pocket$307Mortgage P&I$1,93266%Property Taxes$1696%Insurance$1335%Management$35012%CapEx$1174%Vacancy$883%Maintenance$1174%Other$32111%

Investment Breakdown

|

Purchase Price

$380k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$97,800

Downpayment

20%

$76,000

Closing costs

1%

$3,800

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,920

Total Expenses

$3,227

Mortgage P&I

66%

$1,932

Property Taxes

6%

$169

Home Insurance

5%

$133

HOA

0%

$0

Property Management

12%

$350

CapEx

4%

$117

Vacancy

3%

$88

Maintenance

4%

$117

Other

11%

$321

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