REI Lense

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$3,027 (target)

3818 Test Rd, Richmond, IN 47374

3 beds • 2 baths • 1666 sqft

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This property looks like a bad Mid-Term investment with a projected -6.97% first-year return on $108k initial cash invested.

-6.97%

Cash On Cash

4.58%

Cap Rate

0.76

DSCR

$3,027

Rent

-$629

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,027 income − $3,656 expenses = $629 out of pocket

Income$3,027Out of Pocket$629Mortgage P&I$2,15071%Property Taxes$32711%Insurance$1505%Management$36312%CapEx$1214%Vacancy$913%Maintenance$1214%Other$33311%

Investment Breakdown

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Purchase Price

$430k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$108k

Downpayment

20%

$86,000

Closing costs

1%

$4,300

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,027

Total Expenses

$3,656

Mortgage P&I

71%

$2,150

Property Taxes

11%

$327

Home Insurance

5%

$150

HOA

0%

$0

Property Management

12%

$363

CapEx

4%

$121

Vacancy

3%

$91

Maintenance

4%

$121

Other

11%

$333

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