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$2,388 (target)

4012 Melvyn Drive, New Albany, IN 47150

3 beds • 2 baths • 1161 sqft

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This property might be a fair Mid-Term investment with a projected 2.61% first-year return on $68,526 initial cash invested.

2.61%

Cash On Cash

7.6%

Cap Rate

1.19

DSCR

$2,388

Rent

$149

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,388 income − $2,239 expenses = $149 cash flow

Income$2,388Mortgage P&I$1,27854%Property Taxes$592%Insurance$884%Management$28712%CapEx$964%Vacancy$723%Maintenance$964%Other$26311%Cash Flow$149

Investment Breakdown

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Purchase Price

$241k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$68,526

Downpayment

20%

$48,120

Closing costs

1%

$2,406

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,388

Total Expenses

$2,239

Mortgage P&I

54%

$1,278

Property Taxes

2%

$59

Home Insurance

4%

$88

HOA

0%

$0

Property Management

12%

$287

CapEx

4%

$96

Vacancy

3%

$72

Maintenance

4%

$96

Other

11%

$263

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