REI Lense

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$1,622 (target)

4209 E State Road 28, Muncie, IN 47303

3 beds • 2 baths • 2001 sqft

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This property looks like a bad Long-Term investment with a projected -8.39% first-year return on $52,752 initial cash invested.

-8.39%

Cash On Cash

5.21%

Cap Rate

0.79

DSCR

$1,622

Rent

-$369

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,622 income − $1,991 expenses = $369 out of pocket

Income$1,622Out of Pocket$369Mortgage P&I$1,37985%Property Taxes$1006%Insurance$916%Management$16210%CapEx$815%Vacancy$976%Maintenance$815%

Investment Breakdown

|

Purchase Price

$251k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$52,752

Downpayment

20%

$50,240

Closing costs

1%

$2,512

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,622

Total Expenses

$1,991

Mortgage P&I

85%

$1,379

Property Taxes

6%

$100

Home Insurance

6%

$91

HOA

0%

$0

Property Management

10%

$162

CapEx

5%

$81

Vacancy

6%

$97

Maintenance

5%

$81

Other

0%

$0

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