REI Lense

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$2,247 (target)

505 Schroeder Ct, Lafayette, IN 47909

3 beds • 2 baths • 1038 sqft

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This property looks like a bad Mid-Term investment with a projected -0.94% first-year return on $73,692 initial cash invested.

-0.94%

Cash On Cash

6.19%

Cap Rate

1.02

DSCR

$2,247

Rent

-$58

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,247 income − $2,305 expenses = $58 out of pocket

Income$2,247Out of Pocket$58Mortgage P&I$1,33559%Property Taxes$1125%Insurance$944%Management$27012%CapEx$904%Vacancy$673%Maintenance$904%Other$24711%

Investment Breakdown

|

Purchase Price

$265k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$73,692

Downpayment

20%

$53,040

Closing costs

1%

$2,652

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,247

Total Expenses

$2,305

Mortgage P&I

59%

$1,335

Property Taxes

5%

$112

Home Insurance

4%

$94

HOA

0%

$0

Property Management

12%

$270

CapEx

4%

$90

Vacancy

3%

$67

Maintenance

4%

$90

Other

11%

$247

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