REI Lense

REI Lense

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$2,328 (target)

3675 NE Shadeland Rd, Marion, IN 46952

3 beds • 3 baths • 2624 sqft

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This property might be a fair Long-Term investment with a projected 7.9% first-year return on $48,300 initial cash invested.

7.9%

Cash On Cash

8.68%

Cap Rate

1.35

DSCR

$2,328

Rent

$318

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,328 income − $2,010 expenses = $318 cash flow

Income$2,328Mortgage P&I$1,22953%Property Taxes$964%Insurance$803%Management$23310%CapEx$1165%Vacancy$1406%Maintenance$1165%Cash Flow$318

Investment Breakdown

|

Purchase Price

$230k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$48,300

Downpayment

20%

$46,000

Closing costs

1%

$2,300

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,328

Total Expenses

$2,010

Mortgage P&I

53%

$1,229

Property Taxes

4%

$96

Home Insurance

3%

$80

HOA

0%

$0

Property Management

10%

$233

CapEx

5%

$116

Vacancy

6%

$140

Maintenance

5%

$116

Other

0%

$0

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