REI Lense

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$2,000 (target)

2523 Glenwood Court, New Albany, IN 47150

3 beds • 2 baths • 1737 sqft

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This property looks like a bad Long-Term investment with a projected -4.44% first-year return on $60,291 initial cash invested.

-4.44%

Cash On Cash

5.84%

Cap Rate

0.92

DSCR

$2,000

Rent

-$223

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,000 income − $2,223 expenses = $223 out of pocket

Income$2,000Out of Pocket$223Mortgage P&I$1,52076%Property Taxes$1116%Insurance$724%Management$20010%CapEx$1005%Vacancy$1206%Maintenance$1005%

Investment Breakdown

|

Purchase Price

$287k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$60,291

Downpayment

20%

$57,420

Closing costs

1%

$2,871

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,000

Total Expenses

$2,223

Mortgage P&I

76%

$1,520

Property Taxes

6%

$111

Home Insurance

4%

$72

HOA

0%

$0

Property Management

10%

$200

CapEx

5%

$100

Vacancy

6%

$120

Maintenance

5%

$100

Other

0%

$0

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