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$1,784 (target)

402 W Cromer Ave, Muncie, IN 47303

3 beds • 2 baths • 1044 sqft

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This property might be a fair Mid-Term investment with a projected 2.73% first-year return on $48,429 initial cash invested.

2.73%

Cash On Cash

7.91%

Cap Rate

1.23

DSCR

$1,784

Rent

$110

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,784 income − $1,674 expenses = $110 cash flow

Income$1,784Mortgage P&I$77443%Property Taxes$24314%Insurance$513%Management$21412%CapEx$714%Vacancy$543%Maintenance$714%Other$19611%Cash Flow$110

Investment Breakdown

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Purchase Price

$145k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$48,429

Downpayment

20%

$28,980

Closing costs

1%

$1,449

Rehab

0%

$0

Furnishing

12%

$18,000

Cashflow

Total Income

$1,784

Total Expenses

$1,674

Mortgage P&I

43%

$774

Property Taxes

14%

$243

Home Insurance

3%

$51

HOA

0%

$0

Property Management

12%

$214

CapEx

4%

$71

Vacancy

3%

$54

Maintenance

4%

$71

Other

11%

$196

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