REI Lense

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$1,939 (target)

2515 Fire Station Rd, Martinsville, IN 46151

3 beds • 2 baths • 2166 sqft

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This property looks like a bad Long-Term investment with a projected -13.94% first-year return on $83,559 initial cash invested.

-13.94%

Cash On Cash

3.79%

Cap Rate

0.59

DSCR

$1,939

Rent

-$971

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,939 income − $2,910 expenses = $971 out of pocket

Income$1,939Out of Pocket$971Mortgage P&I$2,131110%Property Taxes$1307%Insurance$1457%Management$19410%CapEx$975%Vacancy$1166%Maintenance$975%

Investment Breakdown

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Purchase Price

$398k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$83,559

Downpayment

20%

$79,580

Closing costs

1%

$3,979

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,939

Total Expenses

$2,910

Mortgage P&I

110%

$2,131

Property Taxes

7%

$130

Home Insurance

7%

$145

HOA

0%

$0

Property Management

10%

$194

CapEx

5%

$97

Vacancy

6%

$116

Maintenance

5%

$97

Other

0%

$0

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