REI Lense

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$1,293 (target)

3509 Melody Ln W, Kokomo, IN 46902

3 beds • 2 baths • 1040 sqft

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This property looks like a bad Long-Term investment with a projected -6.36% first-year return on $38,850 initial cash invested.

-6.36%

Cash On Cash

5.48%

Cap Rate

0.86

DSCR

$1,293

Rent

-$206

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,293 income − $1,499 expenses = $206 out of pocket

Income$1,293Out of Pocket$206Mortgage P&I$98676%Property Taxes$1119%Insurance$655%Management$12910%CapEx$655%Vacancy$786%Maintenance$655%

Investment Breakdown

|

Purchase Price

$185k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$38,850

Downpayment

20%

$37,000

Closing costs

1%

$1,850

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,293

Total Expenses

$1,499

Mortgage P&I

76%

$986

Property Taxes

9%

$111

Home Insurance

5%

$65

HOA

0%

$0

Property Management

10%

$129

CapEx

5%

$65

Vacancy

6%

$78

Maintenance

5%

$65

Other

0%

$0

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