REI Lense

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$2,136 (target)

2041 W Walnut Ridge Road, Salem, IN 47167

3 beds • 3 baths • 2832 sqft

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This property looks like a bad Long-Term investment with a projected -8.21% first-year return on $76,188 initial cash invested.

-8.21%

Cash On Cash

4.78%

Cap Rate

0.78

DSCR

$2,136

Rent

-$521

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,136 income − $2,657 expenses = $521 out of pocket

Income$2,136Out of Pocket$521Mortgage P&I$1,85887%Property Taxes$1105%Insurance$1336%Management$21410%CapEx$1075%Vacancy$1286%Maintenance$1075%

Investment Breakdown

|

Purchase Price

$363k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$76,188

Downpayment

20%

$72,560

Closing costs

1%

$3,628

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,136

Total Expenses

$2,657

Mortgage P&I

87%

$1,858

Property Taxes

5%

$110

Home Insurance

6%

$133

HOA

0%

$0

Property Management

10%

$214

CapEx

5%

$107

Vacancy

6%

$128

Maintenance

5%

$107

Other

0%

$0

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