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$2,937 (target)

2824 Covington St, West Lafayette, IN 47906

3 beds • 2 baths • 1376 sqft

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This property looks like a bad Mid-Term investment with a projected -0.76% first-year return on $75,813 initial cash invested.

-0.76%

Cash On Cash

6.77%

Cap Rate

1.05

DSCR

$2,937

Rent

-$48

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,937 income − $2,985 expenses = $48 out of pocket

Income$2,937Out of Pocket$48Mortgage P&I$1,48451%Property Taxes$39914%Insurance$1054%Management$35212%CapEx$1174%Vacancy$883%Maintenance$1174%Other$32311%

Investment Breakdown

|

Purchase Price

$275k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$75,813

Downpayment

20%

$55,060

Closing costs

1%

$2,753

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,937

Total Expenses

$2,985

Mortgage P&I

51%

$1,484

Property Taxes

14%

$399

Home Insurance

4%

$105

HOA

0%

$0

Property Management

12%

$352

CapEx

4%

$117

Vacancy

3%

$88

Maintenance

4%

$117

Other

11%

$323

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