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$1,736 (target)

2319 Park Avenue, New Albany, IN 47150

3 beds • 2 baths • 1241 sqft

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This property might be a fair Long-Term investment with a projected 4.88% first-year return on $39,060 initial cash invested.

4.88%

Cash On Cash

8%

Cap Rate

1.25

DSCR

$1,736

Rent

$159

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,736 income − $1,577 expenses = $159 cash flow

Income$1,736Mortgage P&I$99457%Property Taxes$654%Insurance$664%Management$17410%CapEx$875%Vacancy$1046%Maintenance$875%Cash Flow$159

Investment Breakdown

|

Purchase Price

$186k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$39,060

Downpayment

20%

$37,200

Closing costs

1%

$1,860

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,736

Total Expenses

$1,577

Mortgage P&I

57%

$994

Property Taxes

4%

$65

Home Insurance

4%

$66

HOA

0%

$0

Property Management

10%

$174

CapEx

5%

$87

Vacancy

6%

$104

Maintenance

5%

$87

Other

0%

$0

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