REI Lense

REI Lense

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$1,618 (target)

2836 Springwood Drive, Madison, IN 47250

3 beds • 2 baths • 1296 sqft

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This property looks like a bad Long-Term investment with a projected -1.76% first-year return on $44,898 initial cash invested.

-1.76%

Cash On Cash

6.22%

Cap Rate

1.01

DSCR

$1,618

Rent

-$66

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,618 income − $1,684 expenses = $66 out of pocket

Income$1,618Out of Pocket$66Mortgage P&I$1,09368%Property Taxes$956%Insurance$755%Management$16210%CapEx$815%Vacancy$976%Maintenance$815%

Investment Breakdown

|

Purchase Price

$214k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$44,898

Downpayment

20%

$42,760

Closing costs

1%

$2,138

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,618

Total Expenses

$1,684

Mortgage P&I

68%

$1,093

Property Taxes

6%

$95

Home Insurance

5%

$75

HOA

0%

$0

Property Management

10%

$162

CapEx

5%

$81

Vacancy

6%

$97

Maintenance

5%

$81

Other

0%

$0

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