REI Lense

REI Lense

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$1,600 (target)

325 W Main St, Richmond, IN 47374

3 beds • 2 baths • 1280 sqft

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This property might be a fair Mid-Term investment with a projected 6.65% first-year return on $45,279 initial cash invested.

6.65%

Cash On Cash

9.44%

Cap Rate

1.45

DSCR

$1,600

Rent

$251

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$130k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$45,279

Downpayment

20%

$25,980

Closing costs

1%

$1,299

Rehab

0%

$0

Furnishing

14%

$18,000

Cashflow

Total Income

$1,600

Total Expenses

$1,349

Mortgage P&I

44%

$707

Property Taxes

3%

$52

Home Insurance

3%

$46

HOA

0%

$0

Property Management

12%

$192

CapEx

4%

$64

Vacancy

3%

$48

Maintenance

4%

$64

Other

11%

$176

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