REI Lense

REI Lense

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$1,428 (target)

238 Cartwright Dr, Richmond, IN 47374

3 beds • 2 baths • 1440 sqft

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This property might be a fair Long-Term investment with a projected 3.55% first-year return on $31,479 initial cash invested.

3.55%

Cash On Cash

7.85%

Cap Rate

1.2

DSCR

$1,428

Rent

$93

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,428 income − $1,335 expenses = $93 cash flow

Income$1,428Mortgage P&I$81657%Property Taxes$967%Insurance$524%Management$14310%CapEx$715%Vacancy$866%Maintenance$715%Cash Flow$93

Investment Breakdown

|

Purchase Price

$150k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$31,479

Downpayment

20%

$29,980

Closing costs

1%

$1,499

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,428

Total Expenses

$1,335

Mortgage P&I

57%

$816

Property Taxes

7%

$96

Home Insurance

4%

$52

HOA

0%

$0

Property Management

10%

$143

CapEx

5%

$71

Vacancy

6%

$86

Maintenance

5%

$71

Other

0%

$0

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