REI Lense

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$1,592 (target)

4012 Melvyn Drive, New Albany, IN 47150

3 beds • 2 baths • 1161 sqft

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This property looks like a bad Long-Term investment with a projected -5.89% first-year return on $50,526 initial cash invested.

-5.89%

Cash On Cash

5.54%

Cap Rate

0.87

DSCR

$1,592

Rent

-$248

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,592 income − $1,840 expenses = $248 out of pocket

Income$1,592Out of Pocket$248Mortgage P&I$1,27880%Property Taxes$594%Insurance$886%Management$15910%CapEx$805%Vacancy$966%Maintenance$805%

Investment Breakdown

|

Purchase Price

$241k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$50,526

Downpayment

20%

$48,120

Closing costs

1%

$2,406

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,592

Total Expenses

$1,840

Mortgage P&I

80%

$1,278

Property Taxes

4%

$59

Home Insurance

6%

$88

HOA

0%

$0

Property Management

10%

$159

CapEx

5%

$80

Vacancy

6%

$96

Maintenance

5%

$80

Other

0%

$0

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