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$1,882 (target)

617 E Elm Street, New Albany, IN 47150

3 beds • 3 baths • 1695 sqft

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This property looks like a bad Long-Term investment with a projected -10.85% first-year return on $65,121 initial cash invested.

-10.85%

Cash On Cash

4.42%

Cap Rate

0.7

DSCR

$1,882

Rent

-$589

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,882 income − $2,471 expenses = $589 out of pocket

Income$1,882Out of Pocket$589Mortgage P&I$1,63787%Property Taxes$25614%Insurance$895%Management$18810%CapEx$945%Vacancy$1136%Maintenance$945%

Investment Breakdown

|

Purchase Price

$310k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$65,121

Downpayment

20%

$62,020

Closing costs

1%

$3,101

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,882

Total Expenses

$2,471

Mortgage P&I

87%

$1,637

Property Taxes

14%

$256

Home Insurance

5%

$89

HOA

0%

$0

Property Management

10%

$188

CapEx

5%

$94

Vacancy

6%

$113

Maintenance

5%

$94

Other

0%

$0

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