REI Lense

REI Lense

Unlock all features! Tap here to upgrade

img

8816 El Rico Dr, Indianapolis, IN 46240

3 beds • 2 baths • 1370 sqft

Email

This property looks like a bad Airbnb investment with a projected -5.48% first-year return on $86,229 initial cash invested.

-5.48%

Cash On Cash

4.78%

Cap Rate

0.83

DSCR

$2,994

Rent

-$394

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

Purchase Price

$325k

Downpayment

20.0%

Interest Rate

6.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$86,229

Downpayment

20%

$64,980

Closing costs

1%

$3,249

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,994

Total Expenses

$3,388

Mortgage P&I

52%

$1,568

Property Taxes

9%

$269

Home Insurance

4%

$114

HOA

0%

$0

Property Management

15%

$449

CapEx

4%

$120

Vacancy

0%

$0

Maintenance

4%

$120

Other

25%

$748

Loading map...

Comparable Property

Rent

ADR

Beds

Baths

Distance

CozySuites 2BR Modern Apt near the Fashion Mall

$3,121

$135

2

2

0.62 mi

CozySuites Nora 2BR next to Whole Foods

$2,843

$123

2

2

0.62 mi

CozySuites Modern 2BR, Nora Indianapolis #9

$2,635

$114

2

2

0.62 mi

Cozysuites Upscale 2BR near Fashion Mall

$2,959

$128

2

2

0.64 mi

104 W Rancho Del Cerro

$2,500

$250

4

2

1.3 mi

1255 S Forest Knoll St

$1,100

$110

2

1

0.9 mi

2022 S American St

$2,850

$285

5

4

0.6 mi

1255 S Forest Knoll St

$1,100

$110

2

1

0.9 mi

2022 S American St

$2,850

$285

5

4

0.6 mi

1255 S Forest Knoll St

$1,100

$110

2

1

0.9 mi

2022 S American St

$2,850

$285

5

4

0.6 mi

Enter a Property Address for Instant Investment Analysis

Fast and accurate real estate investment analysis