REI Lense

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$2,223 (target)

912 N Warwick Rd, Muncie, IN 47304

3 beds • 3 baths • 1863 sqft

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This property might be a fair Long-Term investment with a projected 4.54% first-year return on $54,390 initial cash invested.

4.54%

Cash On Cash

7.67%

Cap Rate

1.24

DSCR

$2,223

Rent

$206

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,223 income − $2,017 expenses = $206 cash flow

Income$2,223Mortgage P&I$1,33960%Property Taxes$10Insurance$914%Management$22210%CapEx$1115%Vacancy$1336%Maintenance$1115%Cash Flow$206

Investment Breakdown

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Purchase Price

$259k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$54,390

Downpayment

20%

$51,800

Closing costs

1%

$2,590

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,223

Total Expenses

$2,017

Mortgage P&I

60%

$1,339

Property Taxes

0%

$10

Home Insurance

4%

$91

HOA

0%

$0

Property Management

10%

$222

CapEx

5%

$111

Vacancy

6%

$133

Maintenance

5%

$111

Other

0%

$0

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