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$2,451 (target)

609 S Highland Drive, Salem, IN 47167

3 beds • 2 baths • 1070 sqft

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This property might be a fair Mid-Term investment with a projected 0.34% first-year return on $73,272 initial cash invested.

0.34%

Cash On Cash

6.71%

Cap Rate

1.09

DSCR

$2,451

Rent

$21

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,451 income − $2,430 expenses = $21 cash flow

Income$2,451Mortgage P&I$1,35255%Property Taxes$1516%Insurance$934%Management$29412%CapEx$984%Vacancy$743%Maintenance$984%Other$27011%Cash Flow$21

Investment Breakdown

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Purchase Price

$263k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$73,272

Downpayment

20%

$52,640

Closing costs

1%

$2,632

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,451

Total Expenses

$2,430

Mortgage P&I

55%

$1,352

Property Taxes

6%

$151

Home Insurance

4%

$93

HOA

0%

$0

Property Management

12%

$294

CapEx

4%

$98

Vacancy

3%

$74

Maintenance

4%

$98

Other

11%

$270

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