REI Lense

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$2,908 (target)

2515 Fire Station Rd, Martinsville, IN 46151

3 beds • 2 baths • 2166 sqft

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This property looks like a bad Mid-Term investment with a projected -5.74% first-year return on $102k initial cash invested.

-5.74%

Cash On Cash

5.31%

Cap Rate

0.83

DSCR

$2,908

Rent

-$486

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,908 income − $3,394 expenses = $486 out of pocket

Income$2,908Out of Pocket$486Mortgage P&I$2,13173%Property Taxes$1304%Insurance$1455%Management$34912%CapEx$1164%Vacancy$873%Maintenance$1164%Other$32011%

Investment Breakdown

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Purchase Price

$398k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$102k

Downpayment

20%

$79,580

Closing costs

1%

$3,979

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,908

Total Expenses

$3,394

Mortgage P&I

73%

$2,131

Property Taxes

4%

$130

Home Insurance

5%

$145

HOA

0%

$0

Property Management

12%

$349

CapEx

4%

$116

Vacancy

3%

$87

Maintenance

4%

$116

Other

11%

$320

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