REI Lense

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$1,388 (target)

417 Old Cannon Way, Evansville, IN 47711

3 beds • 2 baths • 1592 sqft

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This property looks like a bad Long-Term investment with a projected -9.24% first-year return on $49,350 initial cash invested.

-9.24%

Cash On Cash

4.89%

Cap Rate

0.75

DSCR

$1,388

Rent

-$380

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,388 income − $1,768 expenses = $380 out of pocket

Income$1,388Out of Pocket$380Mortgage P&I$1,26991%Property Taxes$574%Insurance$826%Management$13910%CapEx$695%Vacancy$836%Maintenance$695%

Investment Breakdown

|

Purchase Price

$235k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$49,350

Downpayment

20%

$47,000

Closing costs

1%

$2,350

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,388

Total Expenses

$1,768

Mortgage P&I

91%

$1,269

Property Taxes

4%

$57

Home Insurance

6%

$82

HOA

0%

$0

Property Management

10%

$139

CapEx

5%

$69

Vacancy

6%

$83

Maintenance

5%

$69

Other

0%

$0

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