REI Lense

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$4,014 (target)

8422 Kannon Dr, Lowell, IN 46356

3 beds • 2 baths • 1901 sqft

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This property might be a fair Mid-Term investment with a projected 6.82% first-year return on $94,986 initial cash invested.

6.82%

Cash On Cash

8.72%

Cap Rate

1.36

DSCR

$4,014

Rent

$540

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,014 income − $3,474 expenses = $540 cash flow

Income$4,014Mortgage P&I$1,96349%Property Taxes$3Insurance$1293%HOA$13Management$48212%CapEx$1614%Vacancy$1203%Maintenance$1614%Other$44211%Cash Flow$540

Investment Breakdown

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Purchase Price

$367k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$94,986

Downpayment

20%

$73,320

Closing costs

1%

$3,666

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$4,014

Total Expenses

$3,474

Mortgage P&I

49%

$1,963

Property Taxes

0%

$3

Home Insurance

3%

$129

HOA

0%

$13

Property Management

12%

$482

CapEx

4%

$161

Vacancy

3%

$120

Maintenance

4%

$161

Other

11%

$442

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