REI Lense

REI Lense

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Target property

2416 Stover Drive, New Albany, IN 47150

3 beds • 2 baths • 1830 sqft

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This property looks like a bad Airbnb investment with a projected -27.04% first-year return on $68,484 initial cash invested.

-27.04%

Cash On Cash

-1.33%

Cap Rate

-0.21

DSCR

$0

Rent

-$1,543

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$0 income − $1,543 expenses = $1,543 out of pocket

Income$0Out of Pocket$1,543Mortgage P&I$1,276Property Taxes$179Insurance$88

Investment Breakdown

|

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

$0

Total Expenses

$1,543

Mortgage P&I

12760000%

$1,276

Property Taxes

1790000%

$179

Home Insurance

880000%

$88

HOA

0%

$0

Property Management

0%

$0

CapEx

0%

$0

Vacancy

0%

$0

Maintenance

0%

$0

Other

0%

$0

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