REI Lense

REI Lense

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$2,830 (target)

5721 Harmony Woods Drive, Memphis, IN 47143

3 beds • 2 baths • 1398 sqft

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This property might be a fair Mid-Term investment with a projected 4.75% first-year return on $74,763 initial cash invested.

4.75%

Cash On Cash

7.69%

Cap Rate

1.31

DSCR

$2,830

Rent

$296

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$270k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$74,763

Downpayment

20%

$54,060

Closing costs

1%

$2,703

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,830

Total Expenses

$2,534

Mortgage P&I

47%

$1,323

Property Taxes

5%

$146

Home Insurance

3%

$95

HOA

0%

$8

Property Management

12%

$340

CapEx

4%

$113

Vacancy

3%

$85

Maintenance

4%

$113

Other

11%

$311

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