REI Lense

REI Lense

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$1,848 (target)

3413 42nd St, Highland, IN 46322

3 beds • 2 baths • 1394 sqft

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This property looks like a bad Long-Term investment with a projected -8.48% first-year return on $62,979 initial cash invested.

-8.48%

Cash On Cash

4.6%

Cap Rate

0.76

DSCR

$1,848

Rent

-$445

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,848 income − $2,293 expenses = $445 out of pocket

Income$1,848Out of Pocket$445Mortgage P&I$1,50281%Property Taxes$20611%Insurance$1056%Management$18510%CapEx$925%Vacancy$1116%Maintenance$925%

Investment Breakdown

|

Purchase Price

$300k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$62,979

Downpayment

20%

$59,980

Closing costs

1%

$2,999

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,848

Total Expenses

$2,293

Mortgage P&I

81%

$1,502

Property Taxes

11%

$206

Home Insurance

6%

$105

HOA

0%

$0

Property Management

10%

$185

CapEx

5%

$92

Vacancy

6%

$111

Maintenance

5%

$92

Other

0%

$0

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