REI Lense

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$2,098 (target)

3503 Linnert Way, New Albany, IN 47150

3 beds • 2 baths • 1527 sqft

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This property looks like a bad Long-Term investment with a projected -17.2% first-year return on $94,353 initial cash invested.

-17.2%

Cash On Cash

2.61%

Cap Rate

0.44

DSCR

$2,098

Rent

-$1,352

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,098 income − $3,450 expenses = $1,352 out of pocket

Income$2,098Out of Pocket$1,352Mortgage P&I$2,224106%Property Taxes$52125%Insurance$1598%Management$21010%CapEx$1055%Vacancy$1266%Maintenance$1055%

Investment Breakdown

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Purchase Price

$449k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$94,353

Downpayment

20%

$89,860

Closing costs

1%

$4,493

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,098

Total Expenses

$3,450

Mortgage P&I

106%

$2,224

Property Taxes

25%

$521

Home Insurance

8%

$159

HOA

0%

$0

Property Management

10%

$210

CapEx

5%

$105

Vacancy

6%

$126

Maintenance

5%

$105

Other

0%

$0

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