REI Lense

REI Lense

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$2,054 (target)

701 E Hackberry Street, Salem, IN 47167

3 beds • 2 baths • 1248 sqft

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This property might be a fair Mid-Term investment with a projected 3.09% first-year return on $58,950 initial cash invested.

3.09%

Cash On Cash

7.75%

Cap Rate

1.23

DSCR

$2,054

Rent

$152

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$195k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$58,950

Downpayment

20%

$39,000

Closing costs

1%

$1,950

Rehab

0%

$0

Furnishing

9%

$18,000

Cashflow

Total Income

$2,054

Total Expenses

$1,902

Mortgage P&I

50%

$1,025

Property Taxes

5%

$111

Home Insurance

3%

$68

HOA

0%

$0

Property Management

12%

$246

CapEx

4%

$82

Vacancy

3%

$62

Maintenance

4%

$82

Other

11%

$226

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