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$1,962 (target)

2215 W Woodmont Dr, Muncie, IN 47304

3 beds • 3 baths • 2616 sqft

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This property looks like a bad Long-Term investment with a projected -5.82% first-year return on $60,375 initial cash invested.

-5.82%

Cash On Cash

5.23%

Cap Rate

0.87

DSCR

$1,962

Rent

-$293

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,962 income − $2,255 expenses = $293 out of pocket

Income$1,962Out of Pocket$293Mortgage P&I$1,44774%Property Taxes$19310%Insurance$1055%Management$19610%CapEx$985%Vacancy$1186%Maintenance$985%

Investment Breakdown

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Purchase Price

$288k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$60,375

Downpayment

20%

$57,500

Closing costs

1%

$2,875

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,962

Total Expenses

$2,255

Mortgage P&I

74%

$1,447

Property Taxes

10%

$193

Home Insurance

5%

$105

HOA

0%

$0

Property Management

10%

$196

CapEx

5%

$98

Vacancy

6%

$118

Maintenance

5%

$98

Other

0%

$0

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