REI Lense

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$2,530 (target)

3513 Waterford St, Richmond, IN 47374

3 beds • 4 baths • 2601 sqft

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This property looks like a bad Mid-Term investment with a projected -7.28% first-year return on $91,479 initial cash invested.

-7.28%

Cash On Cash

4.61%

Cap Rate

0.75

DSCR

$2,530

Rent

-$555

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,530 income − $3,085 expenses = $555 out of pocket

Income$2,530Out of Pocket$555Mortgage P&I$1,79871%Property Taxes$29212%Insurance$1225%HOA$131%Management$30412%CapEx$1014%Vacancy$763%Maintenance$1014%Other$27811%

Investment Breakdown

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Purchase Price

$350k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$91,479

Downpayment

20%

$69,980

Closing costs

1%

$3,499

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,530

Total Expenses

$3,085

Mortgage P&I

71%

$1,798

Property Taxes

12%

$292

Home Insurance

5%

$122

HOA

1%

$13

Property Management

12%

$304

CapEx

4%

$101

Vacancy

3%

$76

Maintenance

4%

$101

Other

11%

$278

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