REI Lense

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$1,958 (target)

2824 Covington St, West Lafayette, IN 47906

3 beds • 2 baths • 1376 sqft

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This property looks like a bad Long-Term investment with a projected -11.19% first-year return on $57,813 initial cash invested.

-11.19%

Cash On Cash

4.55%

Cap Rate

0.7

DSCR

$1,958

Rent

-$539

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,958 income − $2,497 expenses = $539 out of pocket

Income$1,958Out of Pocket$539Mortgage P&I$1,48476%Property Taxes$39920%Insurance$1055%Management$19610%CapEx$985%Vacancy$1176%Maintenance$985%

Investment Breakdown

|

Purchase Price

$275k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$57,813

Downpayment

20%

$55,060

Closing costs

1%

$2,753

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,958

Total Expenses

$2,497

Mortgage P&I

76%

$1,484

Property Taxes

20%

$399

Home Insurance

5%

$105

HOA

0%

$0

Property Management

10%

$196

CapEx

5%

$98

Vacancy

6%

$117

Maintenance

5%

$98

Other

0%

$0

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