REI Lense

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$2,543 (target)

2509 S New Jersey St, Indianapolis, IN 46225

3 beds • 2 baths • 2280 sqft

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This property might be a fair Long-Term investment with a projected 8.55% first-year return on $50,400 initial cash invested.

8.55%

Cash On Cash

8.8%

Cap Rate

1.38

DSCR

$2,543

Rent

$359

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,543 income − $2,184 expenses = $359 cash flow

Income$2,543Mortgage P&I$1,27450%Property Taxes$1656%Insurance$843%Management$25410%CapEx$1275%Vacancy$1536%Maintenance$1275%Cash Flow$359

Investment Breakdown

|

Purchase Price

$240k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$50,400

Downpayment

20%

$48,000

Closing costs

1%

$2,400

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,543

Total Expenses

$2,184

Mortgage P&I

50%

$1,274

Property Taxes

6%

$165

Home Insurance

3%

$84

HOA

0%

$0

Property Management

10%

$254

CapEx

5%

$127

Vacancy

6%

$153

Maintenance

5%

$127

Other

0%

$0

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