Unlock all features! Tap here to upgrade
3044 Cobblers Crossing Road, New Albany, IN 47150
3 beds • 4 baths • 2754 sqft
$407,500
View on ZillowThis property looks like a bad Long-Term investment with a projected -3.16% first-year return on $85,575 initial cash invested.
-3.16%
Cash On Cash
6.08%
Cap Rate
0.97
DSCR
$3,121
Rent
-$225
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$3,121 income − $3,346 expenses = $225 out of pocket
Investment Breakdown
|
Purchase Price
$408k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$85,575
Downpayment
20%
$81,500
Closing costs
1%
$4,075
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,121
Total Expenses
$3,346
Mortgage P&I
68%
$2,135
Property Taxes
8%
$240
Home Insurance
5%
$147
HOA
0%
$13
Property Management
10%
$312
CapEx
5%
$156
Vacancy
6%
$187
Maintenance
5%
$156
Other
0%
$0