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$2,433 (target)

4209 E State Road 28, Muncie, IN 47303

3 beds • 2 baths • 2001 sqft

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This property might be a fair Mid-Term investment with a projected 0.61% first-year return on $70,752 initial cash invested.

0.61%

Cash On Cash

7.22%

Cap Rate

1.1

DSCR

$2,433

Rent

$36

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,433 income − $2,397 expenses = $36 cash flow

Income$2,433Mortgage P&I$1,37957%Property Taxes$1004%Insurance$914%Management$29212%CapEx$974%Vacancy$733%Maintenance$974%Other$26811%Cash Flow$36

Investment Breakdown

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Purchase Price

$251k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$70,752

Downpayment

20%

$50,240

Closing costs

1%

$2,512

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,433

Total Expenses

$2,397

Mortgage P&I

57%

$1,379

Property Taxes

4%

$100

Home Insurance

4%

$91

HOA

0%

$0

Property Management

12%

$292

CapEx

4%

$97

Vacancy

3%

$73

Maintenance

4%

$97

Other

11%

$268

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