REI Lense

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$3,168 (target)

2615 Buchanan Rd, Evansville, IN 47720

3 beds • 3 baths • 2250 sqft

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This property looks like a bad Mid-Term investment with a projected -2.57% first-year return on $99,900 initial cash invested.

-2.57%

Cash On Cash

5.78%

Cap Rate

0.96

DSCR

$3,168

Rent

-$214

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,168 income − $3,382 expenses = $214 out of pocket

Income$3,168Out of Pocket$214Mortgage P&I$1,96562%Property Taxes$2046%Insurance$1364%Management$38012%CapEx$1274%Vacancy$953%Maintenance$1274%Other$34811%

Investment Breakdown

|

Purchase Price

$390k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$99,900

Downpayment

20%

$78,000

Closing costs

1%

$3,900

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,168

Total Expenses

$3,382

Mortgage P&I

62%

$1,965

Property Taxes

6%

$204

Home Insurance

4%

$136

HOA

0%

$0

Property Management

12%

$380

CapEx

4%

$127

Vacancy

3%

$95

Maintenance

4%

$127

Other

11%

$348

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