REI Lense

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$2,427 (target)

2836 Springwood Drive, Madison, IN 47250

3 beds • 2 baths • 1296 sqft

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This property might be a fair Mid-Term investment with a projected 6.47% first-year return on $62,898 initial cash invested.

6.47%

Cash On Cash

8.58%

Cap Rate

1.4

DSCR

$2,427

Rent

$339

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,427 income − $2,088 expenses = $339 cash flow

Income$2,427Mortgage P&I$1,09345%Property Taxes$954%Insurance$753%Management$29112%CapEx$974%Vacancy$733%Maintenance$974%Other$26711%Cash Flow$339

Investment Breakdown

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Purchase Price

$214k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$62,898

Downpayment

20%

$42,760

Closing costs

1%

$2,138

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,427

Total Expenses

$2,088

Mortgage P&I

45%

$1,093

Property Taxes

4%

$95

Home Insurance

3%

$75

HOA

0%

$0

Property Management

12%

$291

CapEx

4%

$97

Vacancy

3%

$73

Maintenance

4%

$97

Other

11%

$267

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