REI Lense

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$2,344 (target)

715 Park Ave, Lafayette, IN 47904

3 beds • 2 baths • 1476 sqft

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This property might be a fair Mid-Term investment with a projected 6.36% first-year return on $60,924 initial cash invested.

6.36%

Cash On Cash

8.62%

Cap Rate

1.4

DSCR

$2,344

Rent

$323

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,344 income − $2,021 expenses = $323 cash flow

Income$2,344Mortgage P&I$1,05245%Property Taxes$954%Insurance$773%Management$28112%CapEx$944%Vacancy$703%Maintenance$944%Other$25811%Cash Flow$323

Investment Breakdown

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Purchase Price

$204k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$60,924

Downpayment

20%

$40,880

Closing costs

1%

$2,044

Rehab

0%

$0

Furnishing

9%

$18,000

Cashflow

Total Income

$2,344

Total Expenses

$2,021

Mortgage P&I

45%

$1,052

Property Taxes

4%

$95

Home Insurance

3%

$77

HOA

0%

$0

Property Management

12%

$281

CapEx

4%

$94

Vacancy

3%

$70

Maintenance

4%

$94

Other

11%

$258

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