REI Lense

REI Lense

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$1,993 (target)

2418 Melrose Ave, Evansville, IN 47711

3 beds • 3 baths • 2492 sqft

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This property looks like a bad Long-Term investment with a projected -1.56% first-year return on $55,356 initial cash invested.

-1.56%

Cash On Cash

6.17%

Cap Rate

1.02

DSCR

$1,993

Rent

-$72

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$264k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$55,356

Downpayment

20%

$52,720

Closing costs

1%

$2,636

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,993

Total Expenses

$2,065

Mortgage P&I

67%

$1,327

Property Taxes

6%

$125

Home Insurance

5%

$94

HOA

0%

$0

Property Management

10%

$199

CapEx

5%

$100

Vacancy

6%

$120

Maintenance

5%

$100

Other

0%

$0

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