REI Lense

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$1,833 (target)

9161 E State Road 160, Salem, IN 47167

3 beds • 2 baths • 2324 sqft

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This property looks like a bad Long-Term investment with a projected -13.69% first-year return on $85,638 initial cash invested.

-13.69%

Cash On Cash

3.44%

Cap Rate

0.57

DSCR

$1,833

Rent

-$977

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,833 income − $2,810 expenses = $977 out of pocket

Income$1,833Out of Pocket$977Mortgage P&I$2,054112%Property Taxes$1277%Insurance$1528%Management$18310%CapEx$925%Vacancy$1106%Maintenance$925%

Investment Breakdown

|

Purchase Price

$408k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$85,638

Downpayment

20%

$81,560

Closing costs

1%

$4,078

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,833

Total Expenses

$2,810

Mortgage P&I

112%

$2,054

Property Taxes

7%

$127

Home Insurance

8%

$152

HOA

0%

$0

Property Management

10%

$183

CapEx

5%

$92

Vacancy

6%

$110

Maintenance

5%

$92

Other

0%

$0

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