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$3,032 (target)

488 Alan Drive, New Albany, IN 47150

3 beds • 3 baths • 2148 sqft

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This property might be a fair Mid-Term investment with a projected 5.81% first-year return on $67,350 initial cash invested.

5.81%

Cash On Cash

8.81%

Cap Rate

1.35

DSCR

$3,032

Rent

$326

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,032 income − $2,706 expenses = $326 cash flow

Income$3,032Mortgage P&I$1,27942%Property Taxes$31410%Insurance$823%Management$36412%CapEx$1214%Vacancy$913%Maintenance$1214%Other$33411%Cash Flow$326

Investment Breakdown

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Purchase Price

$235k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$67,350

Downpayment

20%

$47,000

Closing costs

1%

$2,350

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$3,032

Total Expenses

$2,706

Mortgage P&I

42%

$1,279

Property Taxes

10%

$314

Home Insurance

3%

$82

HOA

0%

$0

Property Management

12%

$364

CapEx

4%

$121

Vacancy

3%

$91

Maintenance

4%

$121

Other

11%

$334

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