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$2,714 (target)

2416 Stover Drive, New Albany, IN 47150

3 beds • 2 baths • 1830 sqft

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This property might be a fair Mid-Term investment with a projected 4.33% first-year return on $68,484 initial cash invested.

4.33%

Cash On Cash

8.15%

Cap Rate

1.28

DSCR

$2,714

Rent

$247

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,714 income − $2,467 expenses = $247 cash flow

Income$2,714Mortgage P&I$1,27647%Property Taxes$1797%Insurance$883%Management$32612%CapEx$1094%Vacancy$813%Maintenance$1094%Other$29911%Cash Flow$247

Investment Breakdown

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Purchase Price

$240k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$68,484

Downpayment

20%

$48,080

Closing costs

1%

$2,404

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,714

Total Expenses

$2,467

Mortgage P&I

47%

$1,276

Property Taxes

7%

$179

Home Insurance

3%

$88

HOA

0%

$0

Property Management

12%

$326

CapEx

4%

$109

Vacancy

3%

$81

Maintenance

4%

$109

Other

11%

$299

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