REI Lense

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$2,142 (target)

238 Cartwright Dr, Richmond, IN 47374

3 beds • 2 baths • 1440 sqft

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This property could be a profitable Mid-Term investment with a projected 10.89% first-year return on $49,479 initial cash invested.

10.89%

Cash On Cash

10.82%

Cap Rate

1.66

DSCR

$2,142

Rent

$449

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$150k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$49,479

Downpayment

20%

$29,980

Closing costs

1%

$1,499

Rehab

0%

$0

Furnishing

12%

$18,000

Cashflow

Total Income

$2,142

Total Expenses

$1,693

Mortgage P&I

38%

$816

Property Taxes

4%

$96

Home Insurance

2%

$52

HOA

0%

$0

Property Management

12%

$257

CapEx

4%

$86

Vacancy

3%

$64

Maintenance

4%

$86

Other

11%

$236

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