REI Lense

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$1,947 (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 Long-Term investment with a projected -11.92% first-year return on $79,800 initial cash invested.

-11.92%

Cash On Cash

3.9%

Cap Rate

0.64

DSCR

$1,947

Rent

-$793

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,947 income − $2,740 expenses = $793 out of pocket

Income$1,947Out of Pocket$793Mortgage P&I$1,93299%Property Taxes$1699%Insurance$1337%Management$19510%CapEx$975%Vacancy$1176%Maintenance$975%

Investment Breakdown

|

Purchase Price

$380k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$79,800

Downpayment

20%

$76,000

Closing costs

1%

$3,800

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,947

Total Expenses

$2,740

Mortgage P&I

99%

$1,932

Property Taxes

9%

$169

Home Insurance

7%

$133

HOA

0%

$0

Property Management

10%

$195

CapEx

5%

$97

Vacancy

6%

$117

Maintenance

5%

$97

Other

0%

$0

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