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$2,889 (target)

3325 N Highland Road, Salem, IN 47167

3 beds • 2 baths • 1834 sqft

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This property might be a fair Mid-Term investment with a projected 1.57% first-year return on $81,756 initial cash invested.

1.57%

Cash On Cash

7.05%

Cap Rate

1.14

DSCR

$2,889

Rent

$107

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,889 income − $2,782 expenses = $107 cash flow

Income$2,889Mortgage P&I$1,56054%Property Taxes$1284%Insurance$1104%Management$34712%CapEx$1164%Vacancy$873%Maintenance$1164%Other$31811%Cash Flow$107

Investment Breakdown

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Purchase Price

$304k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$81,756

Downpayment

20%

$60,720

Closing costs

1%

$3,036

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,889

Total Expenses

$2,782

Mortgage P&I

54%

$1,560

Property Taxes

4%

$128

Home Insurance

4%

$110

HOA

0%

$0

Property Management

12%

$347

CapEx

4%

$116

Vacancy

3%

$87

Maintenance

4%

$116

Other

11%

$318

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