REI Lense

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$2,364 (target)

428 N 3rd St, Decatur, IN 46733

3 beds • 2 baths • 2359 sqft

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This property looks like a bad Mid-Term investment with a projected -2.07% first-year return on $78,102 initial cash invested.

-2.07%

Cash On Cash

5.92%

Cap Rate

0.97

DSCR

$2,364

Rent

-$135

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,364 income − $2,499 expenses = $135 out of pocket

Income$2,364Out of Pocket$135Mortgage P&I$1,45361%Property Taxes$1416%Insurance$1004%Management$28412%CapEx$954%Vacancy$713%Maintenance$954%Other$26011%

Investment Breakdown

|

Purchase Price

$286k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$78,102

Downpayment

20%

$57,240

Closing costs

1%

$2,862

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,364

Total Expenses

$2,499

Mortgage P&I

61%

$1,453

Property Taxes

6%

$141

Home Insurance

4%

$100

HOA

0%

$0

Property Management

12%

$284

CapEx

4%

$95

Vacancy

3%

$71

Maintenance

4%

$95

Other

11%

$260

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