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$1,869 (target)

707 Wessel Ln, Evansville, IN 47712

3 beds • 2 baths • 2144 sqft

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This property looks like a bad Mid-Term investment with a projected -9.08% first-year return on $73,629 initial cash invested.

-9.08%

Cash On Cash

4.1%

Cap Rate

0.65

DSCR

$1,869

Rent

-$557

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,869 income − $2,426 expenses = $557 out of pocket

Income$1,869Out of Pocket$557Mortgage P&I$1,38874%Property Taxes$30917%Insurance$935%Management$22412%CapEx$754%Vacancy$563%Maintenance$754%Other$20611%

Investment Breakdown

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Purchase Price

$265k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$73,629

Downpayment

20%

$52,980

Closing costs

1%

$2,649

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$1,869

Total Expenses

$2,426

Mortgage P&I

74%

$1,388

Property Taxes

17%

$309

Home Insurance

5%

$93

HOA

0%

$0

Property Management

12%

$224

CapEx

4%

$75

Vacancy

3%

$56

Maintenance

4%

$75

Other

11%

$206

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