REI Lense

REI Lense

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$1,505 (target)

3210 Mesker Park Dr, Evansville, IN 47720

3 beds • 2 baths • 1763 sqft

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This property looks like a bad Long-Term investment with a projected -17% first-year return on $69,090 initial cash invested.

-17%

Cash On Cash

3.17%

Cap Rate

0.49

DSCR

$1,505

Rent

-$979

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,505 income − $2,484 expenses = $979 out of pocket

Income$1,505Out of Pocket$979Mortgage P&I$1,773118%Property Taxes$20614%Insurance$1158%Management$15010%CapEx$755%Vacancy$906%Maintenance$755%

Investment Breakdown

|

Purchase Price

$329k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$69,090

Downpayment

20%

$65,800

Closing costs

1%

$3,290

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,505

Total Expenses

$2,484

Mortgage P&I

118%

$1,773

Property Taxes

14%

$206

Home Insurance

8%

$115

HOA

0%

$0

Property Management

10%

$150

CapEx

5%

$75

Vacancy

6%

$90

Maintenance

5%

$75

Other

0%

$0

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