REI Lense

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$1,573 (target)

601 Erie Pass, Auburn, IN 46706

3 beds • 2 baths • 1472 sqft

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This property looks like a bad Long-Term investment with a projected -7.58% first-year return on $49,413 initial cash invested.

-7.58%

Cash On Cash

5.32%

Cap Rate

0.82

DSCR

$1,573

Rent

-$312

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,573 income − $1,885 expenses = $312 out of pocket

Income$1,573Out of Pocket$312Mortgage P&I$1,27681%Property Taxes$1167%Insurance$845%Management$15710%CapEx$795%Vacancy$946%Maintenance$795%

Investment Breakdown

|

Purchase Price

$235k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$49,413

Downpayment

20%

$47,060

Closing costs

1%

$2,353

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,573

Total Expenses

$1,885

Mortgage P&I

81%

$1,276

Property Taxes

7%

$116

Home Insurance

5%

$84

HOA

0%

$0

Property Management

10%

$157

CapEx

5%

$79

Vacancy

6%

$94

Maintenance

5%

$79

Other

0%

$0

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