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$2,943 (target)

2215 W Woodmont Dr, Muncie, IN 47304

3 beds • 3 baths • 2616 sqft

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This property might be a fair Mid-Term investment with a projected 3.02% first-year return on $78,375 initial cash invested.

3.02%

Cash On Cash

7.35%

Cap Rate

1.22

DSCR

$2,943

Rent

$197

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,943 income − $2,746 expenses = $197 cash flow

Income$2,943Mortgage P&I$1,44749%Property Taxes$1937%Insurance$1054%Management$35312%CapEx$1184%Vacancy$883%Maintenance$1184%Other$32411%Cash Flow$197

Investment Breakdown

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Purchase Price

$288k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$78,375

Downpayment

20%

$57,500

Closing costs

1%

$2,875

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,943

Total Expenses

$2,746

Mortgage P&I

49%

$1,447

Property Taxes

7%

$193

Home Insurance

4%

$105

HOA

0%

$0

Property Management

12%

$353

CapEx

4%

$118

Vacancy

3%

$88

Maintenance

4%

$118

Other

11%

$324

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