REI Lense

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$1,858 (target)

2530 Harmony Way, Evansville, IN 47720

3 beds • 2 baths • 1635 sqft

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This property looks like a bad Long-Term investment with a projected -1.41% first-year return on $51,996 initial cash invested.

-1.41%

Cash On Cash

6.23%

Cap Rate

1.03

DSCR

$1,858

Rent

-$61

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,858 income − $1,919 expenses = $61 out of pocket

Income$1,858Out of Pocket$61Mortgage P&I$1,25367%Property Taxes$905%Insurance$935%Management$18610%CapEx$935%Vacancy$1116%Maintenance$935%

Investment Breakdown

|

Purchase Price

$248k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$51,996

Downpayment

20%

$49,520

Closing costs

1%

$2,476

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,858

Total Expenses

$1,919

Mortgage P&I

67%

$1,253

Property Taxes

5%

$90

Home Insurance

5%

$93

HOA

0%

$0

Property Management

10%

$186

CapEx

5%

$93

Vacancy

6%

$111

Maintenance

5%

$93

Other

0%

$0

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