REI Lense

REI Lense

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$1,232 (target)

823 Monroe Ave, Evansville, IN 47713

3 beds • 2 baths • 1400 sqft

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This property might be a fair Long-Term investment with a projected 2.12% first-year return on $28,350 initial cash invested.

2.12%

Cash On Cash

7.4%

Cap Rate

1.16

DSCR

$1,232

Rent

$50

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,232 income − $1,182 expenses = $50 cash flow

Income$1,232Mortgage P&I$72159%Property Taxes$938%Insurance$474%Management$12310%CapEx$625%Vacancy$746%Maintenance$625%Cash Flow$50

Investment Breakdown

|

Purchase Price

$135k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$28,350

Downpayment

20%

$27,000

Closing costs

1%

$1,350

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,232

Total Expenses

$1,182

Mortgage P&I

59%

$721

Property Taxes

8%

$93

Home Insurance

4%

$47

HOA

0%

$0

Property Management

10%

$123

CapEx

5%

$62

Vacancy

6%

$74

Maintenance

5%

$62

Other

0%

$0

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