REI Lense

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$1,787 (target)

2787 E Cherry Ln, Marion, IN 46953

3 beds • 3 baths • 3104 sqft

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This property looks like a bad Long-Term investment with a projected -10.35% first-year return on $71,568 initial cash invested.

-10.35%

Cash On Cash

4.15%

Cap Rate

0.69

DSCR

$1,787

Rent

-$617

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,787 income − $2,404 expenses = $617 out of pocket

Income$1,787Out of Pocket$617Mortgage P&I$1,70796%Property Taxes$1116%Insurance$1227%Management$17910%CapEx$895%Vacancy$1076%Maintenance$895%

Investment Breakdown

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Purchase Price

$341k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$71,568

Downpayment

20%

$68,160

Closing costs

1%

$3,408

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,787

Total Expenses

$2,404

Mortgage P&I

96%

$1,707

Property Taxes

6%

$111

Home Insurance

7%

$122

HOA

0%

$0

Property Management

10%

$179

CapEx

5%

$89

Vacancy

6%

$107

Maintenance

5%

$89

Other

0%

$0

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