REI Lense

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$1,467 (target)

500 W Harrison Ave, Wabash, IN 46992

3 beds • 2 baths • 1943 sqft

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This property looks like a bad Long-Term investment with a projected -10.32% first-year return on $58,590 initial cash invested.

-10.32%

Cash On Cash

4.13%

Cap Rate

0.69

DSCR

$1,467

Rent

-$504

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,467 income − $1,971 expenses = $504 out of pocket

Income$1,467Out of Pocket$504Mortgage P&I$1,39295%Property Taxes$1007%Insurance$987%Management$14710%CapEx$735%Vacancy$886%Maintenance$735%

Investment Breakdown

|

Purchase Price

$279k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$58,590

Downpayment

20%

$55,800

Closing costs

1%

$2,790

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,467

Total Expenses

$1,971

Mortgage P&I

95%

$1,392

Property Taxes

7%

$100

Home Insurance

7%

$98

HOA

0%

$0

Property Management

10%

$147

CapEx

5%

$73

Vacancy

6%

$88

Maintenance

5%

$73

Other

0%

$0

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