REI Lense

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$2,160 (target)

4407 Martin Rd, Richmond, IN 47374

3 beds • 2 baths • 2676 sqft

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This property might be a fair Mid-Term investment with a projected 3.89% first-year return on $60,420 initial cash invested.

3.89%

Cash On Cash

7.85%

Cap Rate

1.27

DSCR

$2,160

Rent

$196

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,160 income − $1,964 expenses = $196 cash flow

Income$2,160Mortgage P&I$1,04048%Property Taxes$1196%Insurance$713%Management$25912%CapEx$864%Vacancy$653%Maintenance$864%Other$23811%Cash Flow$196

Investment Breakdown

|

Purchase Price

$202k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$60,420

Downpayment

20%

$40,400

Closing costs

1%

$2,020

Rehab

0%

$0

Furnishing

9%

$18,000

Cashflow

Total Income

$2,160

Total Expenses

$1,964

Mortgage P&I

48%

$1,040

Property Taxes

6%

$119

Home Insurance

3%

$71

HOA

0%

$0

Property Management

12%

$259

CapEx

4%

$86

Vacancy

3%

$65

Maintenance

4%

$86

Other

11%

$238

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