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$1,246 (target)

707 Wessel Ln, Evansville, IN 47712

3 beds • 2 baths • 2144 sqft

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This property looks like a bad Long-Term investment with a projected -18.72% first-year return on $55,629 initial cash invested.

-18.72%

Cash On Cash

2.64%

Cap Rate

0.42

DSCR

$1,246

Rent

-$868

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,246 income − $2,114 expenses = $868 out of pocket

Income$1,246Out of Pocket$868Mortgage P&I$1,388111%Property Taxes$30925%Insurance$937%Management$12510%CapEx$625%Vacancy$756%Maintenance$625%

Investment Breakdown

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Purchase Price

$265k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$55,629

Downpayment

20%

$52,980

Closing costs

1%

$2,649

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,246

Total Expenses

$2,114

Mortgage P&I

111%

$1,388

Property Taxes

25%

$309

Home Insurance

7%

$93

HOA

0%

$0

Property Management

10%

$125

CapEx

5%

$62

Vacancy

6%

$75

Maintenance

5%

$62

Other

0%

$0

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