REI Lense

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$2,192 (target)

808 S 15th St, Richmond, IN 47374

3 beds • 2 baths • 1407 sqft

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This property might be a fair Mid-Term investment with a projected 8.16% first-year return on $53,679 initial cash invested.

8.16%

Cash On Cash

9.75%

Cap Rate

1.49

DSCR

$2,192

Rent

$365

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,192 income − $1,827 expenses = $365 cash flow

Income$2,192Mortgage P&I$92742%Property Taxes$944%Insurance$603%Management$26312%CapEx$884%Vacancy$663%Maintenance$884%Other$24111%Cash Flow$365

Investment Breakdown

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Purchase Price

$170k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$53,679

Downpayment

20%

$33,980

Closing costs

1%

$1,699

Rehab

0%

$0

Furnishing

11%

$18,000

Cashflow

Total Income

$2,192

Total Expenses

$1,827

Mortgage P&I

42%

$927

Property Taxes

4%

$94

Home Insurance

3%

$60

HOA

0%

$0

Property Management

12%

$263

CapEx

4%

$88

Vacancy

3%

$66

Maintenance

4%

$88

Other

11%

$241

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