REI Lense

REI Lense

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$1,485 (target)

214 Cheryl Drive, New Albany, IN 47150

3 beds • 2 baths • 1484 sqft

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This property looks like a bad Long-Term investment with a projected -15.73% first-year return on $61,950 initial cash invested.

-15.73%

Cash On Cash

3.19%

Cap Rate

0.52

DSCR

$1,485

Rent

-$812

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,485 income − $2,297 expenses = $812 out of pocket

Income$1,485Out of Pocket$812Mortgage P&I$1,523103%Property Taxes$28619%Insurance$1037%Management$14810%CapEx$745%Vacancy$896%Maintenance$745%

Investment Breakdown

|

Purchase Price

$295k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$61,950

Downpayment

20%

$59,000

Closing costs

1%

$2,950

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,485

Total Expenses

$2,297

Mortgage P&I

103%

$1,523

Property Taxes

19%

$286

Home Insurance

7%

$103

HOA

0%

$0

Property Management

10%

$148

CapEx

5%

$74

Vacancy

6%

$89

Maintenance

5%

$74

Other

0%

$0

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