REI Lense

REI Lense

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$1,139 (target)

2916 S McClure St, Marion, IN 46953

3 beds • 2 baths • 850 sqft

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This property might be a fair Long-Term investment with a projected 0.86% first-year return on $29,379 initial cash invested.

0.86%

Cash On Cash

6.84%

Cap Rate

1.11

DSCR

$1,139

Rent

$21

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,139 income − $1,118 expenses = $21 cash flow

Income$1,139Mortgage P&I$72063%Property Taxes$535%Insurance$494%Management$11410%CapEx$575%Vacancy$686%Maintenance$575%Cash Flow$21

Investment Breakdown

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Purchase Price

$140k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$29,379

Downpayment

20%

$27,980

Closing costs

1%

$1,399

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,139

Total Expenses

$1,118

Mortgage P&I

63%

$720

Property Taxes

5%

$53

Home Insurance

4%

$49

HOA

0%

$0

Property Management

10%

$114

CapEx

5%

$57

Vacancy

6%

$68

Maintenance

5%

$57

Other

0%

$0

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