REI Lense

REI Lense

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$1,755 (target)

2205 N 23rd St, Lafayette, IN 47904

3 beds • 2 baths • 1276 sqft

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This property looks like a bad Long-Term investment with a projected -0.93% first-year return on $41,202 initial cash invested.

-0.93%

Cash On Cash

6.71%

Cap Rate

1.05

DSCR

$1,755

Rent

-$32

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,755 income − $1,787 expenses = $32 out of pocket

Income$1,755Out of Pocket$32Mortgage P&I$1,04159%Property Taxes$22113%Insurance$684%Management$17610%CapEx$885%Vacancy$1056%Maintenance$885%

Investment Breakdown

|

Purchase Price

$196k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$41,202

Downpayment

20%

$39,240

Closing costs

1%

$1,962

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,755

Total Expenses

$1,787

Mortgage P&I

59%

$1,041

Property Taxes

13%

$221

Home Insurance

4%

$68

HOA

0%

$0

Property Management

10%

$176

CapEx

5%

$88

Vacancy

6%

$105

Maintenance

5%

$88

Other

0%

$0

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