REI Lense

REI Lense

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$4,100 (target)

3117 Lacewood Lane, New Albany, IN 47150

3 beds • 2 baths • 3192 sqft

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This property might be a fair Mid-Term investment with a projected 3.17% first-year return on $103k initial cash invested.

3.17%

Cash On Cash

7.33%

Cap Rate

1.21

DSCR

$4,100

Rent

$273

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$406k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$103k

Downpayment

20%

$81,180

Closing costs

1%

$4,059

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$4,100

Total Expenses

$3,827

Mortgage P&I

50%

$2,043

Property Taxes

6%

$226

Home Insurance

4%

$145

HOA

0%

$19

Property Management

12%

$492

CapEx

4%

$164

Vacancy

3%

$123

Maintenance

4%

$164

Other

11%

$451

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