REI Lense

REI Lense

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$1,519 (target)

415 N 2nd St, Decatur, IN 46733

3 beds • 2 baths • 2956 sqft

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This property looks like a bad Long-Term investment with a projected -8.32% first-year return on $54,222 initial cash invested.

-8.32%

Cash On Cash

4.6%

Cap Rate

0.77

DSCR

$1,519

Rent

-$376

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,519 income − $1,895 expenses = $376 out of pocket

Income$1,519Out of Pocket$376Mortgage P&I$1,29085%Property Taxes$1178%Insurance$936%Management$15210%CapEx$765%Vacancy$916%Maintenance$765%

Investment Breakdown

|

Purchase Price

$258k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$54,222

Downpayment

20%

$51,640

Closing costs

1%

$2,582

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,519

Total Expenses

$1,895

Mortgage P&I

85%

$1,290

Property Taxes

8%

$117

Home Insurance

6%

$93

HOA

0%

$0

Property Management

10%

$152

CapEx

5%

$76

Vacancy

6%

$91

Maintenance

5%

$76

Other

0%

$0

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