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$2,991 (target)

505 Southbrook Dr, Evansville, IN 47711

3 beds • 3 baths • 1888 sqft

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This property might be a fair Mid-Term investment with a projected 1.73% first-year return on $82,344 initial cash invested.

1.73%

Cash On Cash

6.92%

Cap Rate

1.16

DSCR

$2,991

Rent

$119

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,991 income − $2,872 expenses = $119 cash flow

Income$2,991Mortgage P&I$1,52951%Property Taxes$2157%Insurance$1104%Management$35912%CapEx$1204%Vacancy$903%Maintenance$1204%Other$32911%Cash Flow$119

Investment Breakdown

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Purchase Price

$306k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$82,344

Downpayment

20%

$61,280

Closing costs

1%

$3,064

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,991

Total Expenses

$2,872

Mortgage P&I

51%

$1,529

Property Taxes

7%

$215

Home Insurance

4%

$110

HOA

0%

$0

Property Management

12%

$359

CapEx

4%

$120

Vacancy

3%

$90

Maintenance

4%

$120

Other

11%

$329

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