REI Lense

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$2,680 (target)

2787 E Cherry Ln, Marion, IN 46953

3 beds • 3 baths • 3104 sqft

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This property looks like a bad Mid-Term investment with a projected -2.29% first-year return on $89,568 initial cash invested.

-2.29%

Cash On Cash

5.79%

Cap Rate

0.96

DSCR

$2,680

Rent

-$171

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,680 income − $2,851 expenses = $171 out of pocket

Income$2,680Out of Pocket$171Mortgage P&I$1,70764%Property Taxes$1114%Insurance$1225%Management$32212%CapEx$1074%Vacancy$803%Maintenance$1074%Other$29511%

Investment Breakdown

|

Purchase Price

$341k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$89,568

Downpayment

20%

$68,160

Closing costs

1%

$3,408

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,680

Total Expenses

$2,851

Mortgage P&I

64%

$1,707

Property Taxes

4%

$111

Home Insurance

5%

$122

HOA

0%

$0

Property Management

12%

$322

CapEx

4%

$107

Vacancy

3%

$80

Maintenance

4%

$107

Other

11%

$295

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