REI Lense

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$2,889 (target)

302 N Spring St, Odon, IN 47562

3 beds • 2 baths • 1224 sqft

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This property might be a fair Mid-Term investment with a projected 6.41% first-year return on $69,114 initial cash invested.

6.41%

Cash On Cash

8.65%

Cap Rate

1.38

DSCR

$2,889

Rent

$369

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,889 income − $2,520 expenses = $369 cash flow

Income$2,889Mortgage P&I$1,26944%Property Taxes$1997%Insurance$682%Management$34712%CapEx$1164%Vacancy$873%Maintenance$1164%Other$31811%Cash Flow$369

Investment Breakdown

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Purchase Price

$243k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$69,114

Downpayment

20%

$48,680

Closing costs

1%

$2,434

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,889

Total Expenses

$2,520

Mortgage P&I

44%

$1,269

Property Taxes

7%

$199

Home Insurance

2%

$68

HOA

0%

$0

Property Management

12%

$347

CapEx

4%

$116

Vacancy

3%

$87

Maintenance

4%

$116

Other

11%

$318

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