REI Lense

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$2,996 (target)

2804 N Walnut Way, Marion, IN 46952

3 beds • 2 baths • 3480 sqft

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This property looks like a bad Mid-Term investment with a projected -0.08% first-year return on $88,329 initial cash invested.

-0.08%

Cash On Cash

6.69%

Cap Rate

1.06

DSCR

$2,996

Rent

-$6

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,996 income − $3,002 expenses = $6 out of pocket

Income$2,996Out of Pocket$6Mortgage P&I$1,75459%Property Taxes$1114%Insurance$1174%Management$36012%CapEx$1204%Vacancy$903%Maintenance$1204%Other$33011%

Investment Breakdown

|

Purchase Price

$335k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$88,329

Downpayment

20%

$66,980

Closing costs

1%

$3,349

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,996

Total Expenses

$3,002

Mortgage P&I

59%

$1,754

Property Taxes

4%

$111

Home Insurance

4%

$117

HOA

0%

$0

Property Management

12%

$360

CapEx

4%

$120

Vacancy

3%

$90

Maintenance

4%

$120

Other

11%

$330

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