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$3,477 (target)

3864 Cornwallis Ln, Carmel, IN 46032

3 beds • 2 baths • 1815 sqft

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This property looks like a bad Mid-Term investment with a projected -6.02% first-year return on $105k initial cash invested.

-6.02%

Cash On Cash

4.91%

Cap Rate

0.81

DSCR

$3,477

Rent

-$526

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,477 income − $4,003 expenses = $526 out of pocket

Income$3,477Out of Pocket$526Mortgage P&I$2,08060%Property Taxes$59317%Insurance$1494%Management$41712%CapEx$1394%Vacancy$1043%Maintenance$1394%Other$38211%

Investment Breakdown

|

Purchase Price

$414k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$105k

Downpayment

20%

$82,740

Closing costs

1%

$4,137

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,477

Total Expenses

$4,003

Mortgage P&I

60%

$2,080

Property Taxes

17%

$593

Home Insurance

4%

$149

HOA

0%

$0

Property Management

12%

$417

CapEx

4%

$139

Vacancy

3%

$104

Maintenance

4%

$139

Other

11%

$382

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