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$2,823 (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 Mid-Term investment with a projected -1.73% first-year return on $83,121 initial cash invested.

-1.73%

Cash On Cash

6.31%

Cap Rate

1

DSCR

$2,823

Rent

-$120

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,823 income − $2,943 expenses = $120 out of pocket

Income$2,823Out of Pocket$120Mortgage P&I$1,63758%Property Taxes$2569%Insurance$893%Management$33912%CapEx$1134%Vacancy$853%Maintenance$1134%Other$31111%

Investment Breakdown

|

Purchase Price

$310k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$83,121

Downpayment

20%

$62,020

Closing costs

1%

$3,101

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,823

Total Expenses

$2,943

Mortgage P&I

58%

$1,637

Property Taxes

9%

$256

Home Insurance

3%

$89

HOA

0%

$0

Property Management

12%

$339

CapEx

4%

$113

Vacancy

3%

$85

Maintenance

4%

$113

Other

11%

$311

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