REI Lense

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$1,498 (target)

505 Schroeder Ct, Lafayette, IN 47909

3 beds • 2 baths • 1038 sqft

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This property looks like a bad Long-Term investment with a projected -9.33% first-year return on $55,692 initial cash invested.

-9.33%

Cash On Cash

4.42%

Cap Rate

0.73

DSCR

$1,498

Rent

-$433

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,498 income − $1,931 expenses = $433 out of pocket

Income$1,498Out of Pocket$433Mortgage P&I$1,33589%Property Taxes$1127%Insurance$946%Management$15010%CapEx$755%Vacancy$906%Maintenance$755%

Investment Breakdown

|

Purchase Price

$265k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$55,692

Downpayment

20%

$53,040

Closing costs

1%

$2,652

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,498

Total Expenses

$1,931

Mortgage P&I

89%

$1,335

Property Taxes

7%

$112

Home Insurance

6%

$94

HOA

0%

$0

Property Management

10%

$150

CapEx

5%

$75

Vacancy

6%

$90

Maintenance

5%

$75

Other

0%

$0

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