REI Lense

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$2,505 (target)

5318 Monroe Ave, Evansville, IN 47715

3 beds • 2 baths • 1527 sqft

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This property might be a fair Mid-Term investment with a projected 4.65% first-year return on $64,977 initial cash invested.

4.65%

Cash On Cash

8.36%

Cap Rate

1.29

DSCR

$2,505

Rent

$252

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,505 income − $2,253 expenses = $252 cash flow

Income$2,505Mortgage P&I$1,20648%Property Taxes$1215%Insurance$743%Management$30112%CapEx$1004%Vacancy$753%Maintenance$1004%Other$27611%Cash Flow$252

Investment Breakdown

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Purchase Price

$224k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$64,977

Downpayment

20%

$44,740

Closing costs

1%

$2,237

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,505

Total Expenses

$2,253

Mortgage P&I

48%

$1,206

Property Taxes

5%

$121

Home Insurance

3%

$74

HOA

0%

$0

Property Management

12%

$301

CapEx

4%

$100

Vacancy

3%

$75

Maintenance

4%

$100

Other

11%

$276

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