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$1,593 (target)

713 S Lancaster Rd, Muncie, IN 47302

3 beds • 2 baths • 1262 sqft

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This property might be a fair Mid-Term investment with a projected 3.97% first-year return on $46,875 initial cash invested.

3.97%

Cash On Cash

8.62%

Cap Rate

1.28

DSCR

$1,593

Rent

$155

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,593 income − $1,438 expenses = $155 cash flow

Income$1,593Mortgage P&I$76948%Property Taxes$785%Insurance$493%Management$19112%CapEx$644%Vacancy$483%Maintenance$644%Other$17511%Cash Flow$155

Investment Breakdown

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Purchase Price

$138k

Downpayment

20.0%

Interest Rate

7.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$46,875

Downpayment

20%

$27,500

Closing costs

1%

$1,375

Rehab

0%

$0

Furnishing

13%

$18,000

Cashflow

Total Income

$1,593

Total Expenses

$1,438

Mortgage P&I

48%

$769

Property Taxes

5%

$78

Home Insurance

3%

$49

HOA

0%

$0

Property Management

12%

$191

CapEx

4%

$64

Vacancy

3%

$48

Maintenance

4%

$64

Other

11%

$175

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