REI Lense

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$1,571 (target)

3203 S Meridian St, Marion, IN 46953

3 beds • 2 baths • 2080 sqft

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This property could be a profitable Long-Term investment with a projected 39.73% first-year return on $18,879 initial cash invested.

39.73%

Cash On Cash

15.58%

Cap Rate

2.52

DSCR

$1,571

Rent

$625

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,571 income − $946 expenses = $625 cash flow

Income$1,571Mortgage P&I$46329%Property Taxes$423%Insurance$322%Management$15710%CapEx$795%Vacancy$946%Maintenance$795%Cash Flow$625

Investment Breakdown

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Purchase Price

$89,900

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$18,879

Downpayment

20%

$17,980

Closing costs

1%

$899

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,571

Total Expenses

$946

Mortgage P&I

29%

$463

Property Taxes

3%

$42

Home Insurance

2%

$32

HOA

0%

$0

Property Management

10%

$157

CapEx

5%

$79

Vacancy

6%

$94

Maintenance

5%

$79

Other

0%

$0

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