REI Lense

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$1,809 (target)

2416 Stover Drive, New Albany, IN 47150

3 beds • 2 baths • 1830 sqft

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This property looks like a bad Long-Term investment with a projected -4.85% first-year return on $50,484 initial cash invested.

-4.85%

Cash On Cash

5.8%

Cap Rate

0.91

DSCR

$1,809

Rent

-$204

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,809 income − $2,013 expenses = $204 out of pocket

Income$1,809Out of Pocket$204Mortgage P&I$1,27671%Property Taxes$17910%Insurance$885%Management$18110%CapEx$905%Vacancy$1096%Maintenance$905%

Investment Breakdown

|

Purchase Price

$240k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$50,484

Downpayment

20%

$48,080

Closing costs

1%

$2,404

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,809

Total Expenses

$2,013

Mortgage P&I

71%

$1,276

Property Taxes

10%

$179

Home Insurance

5%

$88

HOA

0%

$0

Property Management

10%

$181

CapEx

5%

$90

Vacancy

6%

$109

Maintenance

5%

$90

Other

0%

$0

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