REI Lense

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$1,619 (target)

2116 Reno Avenue, New Albany, IN 47150

3 beds • 2 baths • 2016 sqft

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This property looks like a bad Long-Term investment with a projected -7.02% first-year return on $53,361 initial cash invested.

-7.02%

Cash On Cash

4.92%

Cap Rate

0.82

DSCR

$1,619

Rent

-$312

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,619 income − $1,931 expenses = $312 out of pocket

Income$1,619Out of Pocket$312Mortgage P&I$1,27379%Property Taxes$1449%Insurance$936%Management$16210%CapEx$815%Vacancy$976%Maintenance$815%

Investment Breakdown

|

Purchase Price

$254k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$53,361

Downpayment

20%

$50,820

Closing costs

1%

$2,541

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,619

Total Expenses

$1,931

Mortgage P&I

79%

$1,273

Property Taxes

9%

$144

Home Insurance

6%

$93

HOA

0%

$0

Property Management

10%

$162

CapEx

5%

$81

Vacancy

6%

$97

Maintenance

5%

$81

Other

0%

$0

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