REI Lense

REI Lense

Unlock all features! Tap here to upgrade

2116 Reno Avenue, New Albany, IN 47150

3 beds • 2 baths • 2016 sqft

Email

This property looks like a bad Airbnb investment with a projected -3.09% first-year return on $71,361 initial cash invested.

-3.09%

Cash On Cash

5.62%

Cap Rate

0.94

DSCR

$2,549

Rent

-$184

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,549 income − $2,733 expenses = $184 out of pocket

Income$2,549Out of Pocket$184Mortgage P&I$1,27350%Property Taxes$1446%Insurance$934%Management$38215%CapEx$1024%Maintenance$1024%Other$63725%

Investment Breakdown

|

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

$2,549

Total Expenses

$2,733

Mortgage P&I

50%

$1,273

Property Taxes

6%

$144

Home Insurance

4%

$93

HOA

0%

$0

Property Management

15%

$382

CapEx

4%

$102

Vacancy

0%

$0

Maintenance

4%

$102

Other

25%

$637

Enter a Property Address for Instant Investment Analysis

Fast and accurate real estate investment analysis