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2755 Ashley Morgan Drive, New Albany, IN 47150

3 beds • 4 baths • 2797 sqft

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This property looks like a bad Mid-Term investment with a projected -16.3% first-year return on $221k initial cash invested.

-16.3%

Cash On Cash

2.52%

Cap Rate

0.42

DSCR

$3,789

Rent

-$2,998

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$965k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$221k

Downpayment

20%

$193k

Closing costs

1%

$9,650

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$3,789

Total Expenses

$6,787

Mortgage P&I

129%

$4,874

Property Taxes

8%

$285

Home Insurance

9%

$338

HOA

0%

$0

Property Management

12%

$455

CapEx

4%

$152

Vacancy

3%

$114

Maintenance

4%

$152

Other

11%

$417

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