REI Lense

REI Lense

Unlock all features! Tap here to upgrade

2416 Stover Drive, New Albany, IN 47150

3 beds • 2 baths • 1830 sqft

Email

This property looks like a bad Airbnb investment with a projected -6.8% first-year return on $68,484 initial cash invested.

-6.8%

Cash On Cash

4.88%

Cap Rate

0.77

DSCR

$2,221

Rent

-$388

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,221 income − $2,609 expenses = $388 out of pocket

Income$2,221Out of Pocket$388Mortgage P&I$1,27657%Property Taxes$1798%Insurance$884%Management$33315%CapEx$894%Maintenance$894%Other$55525%

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

$2,221

Total Expenses

$2,609

Mortgage P&I

57%

$1,276

Property Taxes

8%

$179

Home Insurance

4%

$88

HOA

0%

$0

Property Management

15%

$333

CapEx

4%

$89

Vacancy

0%

$0

Maintenance

4%

$89

Other

25%

$555

Enter a Property Address for Instant Investment Analysis

Fast and accurate real estate investment analysis