REI Lense

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$2,090 (target)

213 N Bayberry Ln, Muncie, IN 47304

3 beds • 2 baths • 1482 sqft

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This property looks like a bad Mid-Term investment with a projected -3.52% first-year return on $74,700 initial cash invested.

-3.52%

Cash On Cash

5.43%

Cap Rate

0.9

DSCR

$2,090

Rent

-$219

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,090 income − $2,309 expenses = $219 out of pocket

Income$2,090Out of Pocket$219Mortgage P&I$1,35765%Property Taxes$1467%Insurance$944%Management$25112%CapEx$844%Vacancy$633%Maintenance$844%Other$23011%

Investment Breakdown

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Purchase Price

$270k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$74,700

Downpayment

20%

$54,000

Closing costs

1%

$2,700

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,090

Total Expenses

$2,309

Mortgage P&I

65%

$1,357

Property Taxes

7%

$146

Home Insurance

5%

$94

HOA

0%

$0

Property Management

12%

$251

CapEx

4%

$84

Vacancy

3%

$63

Maintenance

4%

$84

Other

11%

$230

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