REI Lense

REI Lense

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$1,189 (target)

402 W Cromer Ave, Muncie, IN 47303

3 beds • 2 baths • 1044 sqft

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This property looks like a bad Long-Term investment with a projected -7.37% first-year return on $30,429 initial cash invested.

-7.37%

Cash On Cash

5.35%

Cap Rate

0.83

DSCR

$1,189

Rent

-$187

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,189 income − $1,376 expenses = $187 out of pocket

Income$1,189Out of Pocket$187Mortgage P&I$77465%Property Taxes$24320%Insurance$514%Management$11910%CapEx$595%Vacancy$716%Maintenance$595%

Investment Breakdown

|

Purchase Price

$145k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$30,429

Downpayment

20%

$28,980

Closing costs

1%

$1,449

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,189

Total Expenses

$1,376

Mortgage P&I

65%

$774

Property Taxes

20%

$243

Home Insurance

4%

$51

HOA

0%

$0

Property Management

10%

$119

CapEx

5%

$59

Vacancy

6%

$71

Maintenance

5%

$59

Other

0%

$0

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