REI Lense

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$2,238 (target)

414 Central Ave, Lafayette, IN 47905

3 beds • 3 baths • 1504 sqft

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This property looks like a bad Mid-Term investment with a projected -1.58% first-year return on $71,466 initial cash invested.

-1.58%

Cash On Cash

5.99%

Cap Rate

1

DSCR

$2,238

Rent

-$94

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,238 income − $2,332 expenses = $94 out of pocket

Income$2,238Out of Pocket$94Mortgage P&I$1,27557%Property Taxes$2049%Insurance$914%Management$26912%CapEx$904%Vacancy$673%Maintenance$904%Other$24611%

Investment Breakdown

|

Purchase Price

$255k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$71,466

Downpayment

20%

$50,920

Closing costs

1%

$2,546

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,238

Total Expenses

$2,332

Mortgage P&I

57%

$1,275

Property Taxes

9%

$204

Home Insurance

4%

$91

HOA

0%

$0

Property Management

12%

$269

CapEx

4%

$90

Vacancy

3%

$67

Maintenance

4%

$90

Other

11%

$246

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