REI Lense

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$3,813 (target)

6101 N Cumberland Rd, Muncie, IN 47304

3 beds • 2 baths • 2618 sqft

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This property looks like a bad Mid-Term investment with a projected -4.92% first-year return on $119k initial cash invested.

-4.92%

Cash On Cash

5.2%

Cap Rate

0.86

DSCR

$3,813

Rent

-$487

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,813 income − $4,300 expenses = $487 out of pocket

Income$3,813Out of Pocket$487Mortgage P&I$2,41263%Property Taxes$40711%Insurance$1684%HOA$16Management$45812%CapEx$1534%Vacancy$1143%Maintenance$1534%Other$41911%

Investment Breakdown

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Purchase Price

$480k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$119k

Downpayment

20%

$95,980

Closing costs

1%

$4,799

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,813

Total Expenses

$4,300

Mortgage P&I

63%

$2,412

Property Taxes

11%

$407

Home Insurance

4%

$168

HOA

0%

$16

Property Management

12%

$458

CapEx

4%

$153

Vacancy

3%

$114

Maintenance

4%

$153

Other

11%

$419

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