REI Lense

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$3,568 (target)

2842 Cardinal Dr, Wheatfield, IN 46392

3 beds • 3 baths • 1580 sqft

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This property might be a fair Mid-Term investment with a projected 5.88% first-year return on $89,799 initial cash invested.

5.88%

Cash On Cash

8.09%

Cap Rate

1.34

DSCR

$3,568

Rent

$440

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,568 income − $3,128 expenses = $440 cash flow

Income$3,568Mortgage P&I$1,72148%Property Taxes$722%Insurance$1223%Management$42812%CapEx$1434%Vacancy$1073%Maintenance$1434%Other$39211%Cash Flow$440

Investment Breakdown

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Purchase Price

$342k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$89,799

Downpayment

20%

$68,380

Closing costs

1%

$3,419

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,568

Total Expenses

$3,128

Mortgage P&I

48%

$1,721

Property Taxes

2%

$72

Home Insurance

3%

$122

HOA

0%

$0

Property Management

12%

$428

CapEx

4%

$143

Vacancy

3%

$107

Maintenance

4%

$143

Other

11%

$392

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