REI Lense

REI Lense

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$1,801 (target)

50 Michell Ct, Lafayette, IN 47905

3 beds • 2 baths • 1440 sqft

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This property looks like a bad Long-Term investment with a projected -4.64% first-year return on $58,695 initial cash invested.

-4.64%

Cash On Cash

5.29%

Cap Rate

0.9

DSCR

$1,801

Rent

-$227

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$280k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$58,695

Downpayment

20%

$55,900

Closing costs

1%

$2,795

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,801

Total Expenses

$2,028

Mortgage P&I

76%

$1,368

Property Taxes

5%

$92

Home Insurance

6%

$100

HOA

0%

$0

Property Management

10%

$180

CapEx

5%

$90

Vacancy

6%

$108

Maintenance

5%

$90

Other

0%

$0

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