REI Lense

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$2,613 (target)

8645 Highland Rd, Martinsville, IN 46151

3 beds • 2 baths • 2668 sqft

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This property looks like a bad Mid-Term investment with a projected -0.04% first-year return on $80,979 initial cash invested.

-0.04%

Cash On Cash

6.51%

Cap Rate

1.07

DSCR

$2,613

Rent

-$3

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,613 income − $2,616 expenses = $3 out of pocket

Income$2,613Out of Pocket$3Mortgage P&I$1,52558%Property Taxes$974%Insurance$1054%Management$31412%CapEx$1054%Vacancy$783%Maintenance$1054%Other$28711%

Investment Breakdown

|

Purchase Price

$300k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$80,979

Downpayment

20%

$59,980

Closing costs

1%

$2,999

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,613

Total Expenses

$2,616

Mortgage P&I

58%

$1,525

Property Taxes

4%

$97

Home Insurance

4%

$105

HOA

0%

$0

Property Management

12%

$314

CapEx

4%

$105

Vacancy

3%

$78

Maintenance

4%

$105

Other

11%

$287

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