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2405 N Old Towne Ln, Muncie, IN 47304

3 beds • 2 baths • 1575 sqft

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This property looks like a bad Long-Term investment with a projected -11.04% first-year return on $52,059 initial cash invested.

-11.04%

Cash On Cash

4.3%

Cap Rate

0.68

DSCR

$1,410

Rent

-$479

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

Purchase Price

$248k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$52,059

Downpayment

20%

$49,580

Closing costs

1%

$2,479

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,410

Total Expenses

$1,889

Mortgage P&I

92%

$1,297

Property Taxes

10%

$139

Home Insurance

6%

$87

HOA

0%

$0

Property Management

10%

$141

CapEx

5%

$70

Vacancy

6%

$85

Maintenance

5%

$70

Other

0%

$0

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Comparable Property

Rent

Beds

Baths

SQFT

Distance

8104 W Greenview Dr, Muncie, IN 47304

$1,850

3

2

1508

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5505 N Austin Dr, Muncie, IN 47304

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3

2

1674

2 mi

2100 N Ball Ave, Muncie, IN 47304

$1,355

3

2

1392

2.3 mi

1709 N Ball Ave, Muncie, IN 47304

$1,525

3

2

1797

2.3 mi

104 W Rancho Del Cerro

$2,500

4

2

2380

1.3 mi

1255 S Forest Knoll St

$1,100

2

1

0.9 mi

2022 S American St

$2,850

5

4

3030

0.6 mi

1255 S Forest Knoll St

$1,100

2

1

2020

0.9 mi

2022 S American St

$2,850

5

4

3030

0.6 mi

1255 S Forest Knoll St

$1,100

2

1

2020

0.9 mi

2022 S American St

$2,850

5

4

3030

0.6 mi

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