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$2,428 (target)

2116 Reno Avenue, New Albany, IN 47150

3 beds • 2 baths • 2016 sqft

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This property might be a fair Mid-Term investment with a projected 1.56% first-year return on $71,361 initial cash invested.

1.56%

Cash On Cash

6.91%

Cap Rate

1.15

DSCR

$2,428

Rent

$93

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,428 income − $2,335 expenses = $93 cash flow

Income$2,428Mortgage P&I$1,27352%Property Taxes$1446%Insurance$934%Management$29112%CapEx$974%Vacancy$733%Maintenance$974%Other$26711%Cash Flow$93

Investment Breakdown

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Purchase Price

$254k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$71,361

Downpayment

20%

$50,820

Closing costs

1%

$2,541

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,428

Total Expenses

$2,335

Mortgage P&I

52%

$1,273

Property Taxes

6%

$144

Home Insurance

4%

$93

HOA

0%

$0

Property Management

12%

$291

CapEx

4%

$97

Vacancy

3%

$73

Maintenance

4%

$97

Other

11%

$267

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