REI Lense

REI Lense

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$1,527 (target)

822 Melody Ln, Lafayette, IN 47905

3 beds • 2 baths • 1041 sqft

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This property looks like a bad Long-Term investment with a projected -6.1% first-year return on $47,817 initial cash invested.

-6.1%

Cash On Cash

5.54%

Cap Rate

0.86

DSCR

$1,527

Rent

-$243

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$228k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$47,817

Downpayment

20%

$45,540

Closing costs

1%

$2,277

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,527

Total Expenses

$1,770

Mortgage P&I

80%

$1,219

Property Taxes

5%

$74

Home Insurance

5%

$80

HOA

0%

$0

Property Management

10%

$153

CapEx

5%

$76

Vacancy

6%

$92

Maintenance

5%

$76

Other

0%

$0

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