REI Lense

REI Lense

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$1,117 (target)

2620 NW A St, Richmond, IN 47374

3 beds • 2 baths • 1176 sqft

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This property looks like a bad Long-Term investment with a projected -10.79% first-year return on $38,367 initial cash invested.

-10.79%

Cash On Cash

4.56%

Cap Rate

0.71

DSCR

$1,117

Rent

-$345

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,117 income − $1,462 expenses = $345 out of pocket

Income$1,117Out of Pocket$345Mortgage P&I$98388%Property Taxes$12211%Insurance$666%Management$11210%CapEx$565%Vacancy$676%Maintenance$565%

Investment Breakdown

|

Purchase Price

$183k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$38,367

Downpayment

20%

$36,540

Closing costs

1%

$1,827

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,117

Total Expenses

$1,462

Mortgage P&I

88%

$983

Property Taxes

11%

$122

Home Insurance

6%

$66

HOA

0%

$0

Property Management

10%

$112

CapEx

5%

$56

Vacancy

6%

$67

Maintenance

5%

$56

Other

0%

$0

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