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$1,997 (target)

3936 Elmridge Dr, Evansville, IN 47711

3 beds • 3 baths • 2510 sqft

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This property looks like a bad Long-Term investment with a projected -13.97% first-year return on $71,547 initial cash invested.

-13.97%

Cash On Cash

4%

Cap Rate

0.61

DSCR

$1,997

Rent

-$833

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,997 income − $2,830 expenses = $833 out of pocket

Income$1,997Out of Pocket$833Mortgage P&I$1,87094%Property Taxes$31616%Insurance$1246%Management$20010%CapEx$1005%Vacancy$1206%Maintenance$1005%

Investment Breakdown

|

Purchase Price

$341k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$71,547

Downpayment

20%

$68,140

Closing costs

1%

$3,407

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,997

Total Expenses

$2,830

Mortgage P&I

94%

$1,870

Property Taxes

16%

$316

Home Insurance

6%

$124

HOA

0%

$0

Property Management

10%

$200

CapEx

5%

$100

Vacancy

6%

$120

Maintenance

5%

$100

Other

0%

$0

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