REI Lense

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$947 (target)

211 S Cherry St, Muncie, IN 47305

3 beds • 2 baths • 2360 sqft

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This property could be a profitable Long-Term investment with a projected 23.37% first-year return on $12,579 initial cash invested.

23.37%

Cash On Cash

12.4%

Cap Rate

1.89

DSCR

$947

Rent

$245

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$947 income − $702 expenses = $245 cash flow

Income$947Mortgage P&I$32735%Property Taxes$10811%Insurance$212%Management$9510%CapEx$475%Vacancy$576%Maintenance$475%Cash Flow$245

Investment Breakdown

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Purchase Price

$59,900

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$12,579

Downpayment

20%

$11,980

Closing costs

1%

$599

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$947

Total Expenses

$702

Mortgage P&I

35%

$327

Property Taxes

11%

$108

Home Insurance

2%

$21

HOA

0%

$0

Property Management

10%

$95

CapEx

5%

$47

Vacancy

6%

$57

Maintenance

5%

$47

Other

0%

$0

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