REI Lense

REI Lense

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$2,290 (target)

822 Melody Ln, Lafayette, IN 47905

3 beds • 2 baths • 1041 sqft

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This property might be a fair Mid-Term investment with a projected 2.5% first-year return on $65,817 initial cash invested.

2.5%

Cash On Cash

7.63%

Cap Rate

1.19

DSCR

$2,290

Rent

$137

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

$65,817

Downpayment

20%

$45,540

Closing costs

1%

$2,277

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,290

Total Expenses

$2,153

Mortgage P&I

53%

$1,219

Property Taxes

3%

$74

Home Insurance

3%

$80

HOA

0%

$0

Property Management

12%

$275

CapEx

4%

$92

Vacancy

3%

$69

Maintenance

4%

$92

Other

11%

$252

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