REI Lense

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$1,634 (target)

609 S Highland Drive, Salem, IN 47167

3 beds • 2 baths • 1070 sqft

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This property looks like a bad Long-Term investment with a projected -8.4% first-year return on $55,272 initial cash invested.

-8.4%

Cash On Cash

4.77%

Cap Rate

0.77

DSCR

$1,634

Rent

-$387

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,634 income − $2,021 expenses = $387 out of pocket

Income$1,634Out of Pocket$387Mortgage P&I$1,35283%Property Taxes$1519%Insurance$936%Management$16310%CapEx$825%Vacancy$986%Maintenance$825%

Investment Breakdown

|

Purchase Price

$263k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$55,272

Downpayment

20%

$52,640

Closing costs

1%

$2,632

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,634

Total Expenses

$2,021

Mortgage P&I

83%

$1,352

Property Taxes

9%

$151

Home Insurance

6%

$93

HOA

0%

$0

Property Management

10%

$163

CapEx

5%

$82

Vacancy

6%

$98

Maintenance

5%

$82

Other

0%

$0

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