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$2,896 (target)

310 Lone Oak Drive, New Albany, IN 47150

3 beds • 2 baths • 1820 sqft

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This property might be a fair Mid-Term investment with a projected 8.67% first-year return on $66,132 initial cash invested.

8.67%

Cash On Cash

9.51%

Cap Rate

1.49

DSCR

$2,896

Rent

$478

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,896 income − $2,418 expenses = $478 cash flow

Income$2,896Mortgage P&I$1,22242%Property Taxes$1284%Insurance$823%Management$34812%CapEx$1164%Vacancy$873%Maintenance$1164%Other$31911%Cash Flow$478

Investment Breakdown

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Purchase Price

$229k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$66,132

Downpayment

20%

$45,840

Closing costs

1%

$2,292

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,896

Total Expenses

$2,418

Mortgage P&I

42%

$1,222

Property Taxes

4%

$128

Home Insurance

3%

$82

HOA

0%

$0

Property Management

12%

$348

CapEx

4%

$116

Vacancy

3%

$87

Maintenance

4%

$116

Other

11%

$319

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