REI Lense

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$2,186 (target)

606 Ridgeview Drive, Salem, IN 47167

3 beds • 2 baths • 1306 sqft

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This property might be a fair Mid-Term investment with a projected 1.95% first-year return on $62,100 initial cash invested.

1.95%

Cash On Cash

7.45%

Cap Rate

1.17

DSCR

$2,186

Rent

$101

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,186 income − $2,085 expenses = $101 cash flow

Income$2,186Mortgage P&I$1,11651%Property Taxes$1537%Insurance$743%Management$26212%CapEx$874%Vacancy$663%Maintenance$874%Other$24011%Cash Flow$101

Investment Breakdown

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Purchase Price

$210k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$62,100

Downpayment

20%

$42,000

Closing costs

1%

$2,100

Rehab

0%

$0

Furnishing

9%

$18,000

Cashflow

Total Income

$2,186

Total Expenses

$2,085

Mortgage P&I

51%

$1,116

Property Taxes

7%

$153

Home Insurance

3%

$74

HOA

0%

$0

Property Management

12%

$262

CapEx

4%

$87

Vacancy

3%

$66

Maintenance

4%

$87

Other

11%

$240

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