REI Lense

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$1,676 (target)

105 Burrell Dr, Elkhart, IN 46516

3 beds • 2 baths • 1281 sqft

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This property looks like a bad Long-Term investment with a projected -8.41% first-year return on $51,198 initial cash invested.

-8.41%

Cash On Cash

5.2%

Cap Rate

0.79

DSCR

$1,676

Rent

-$359

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,676 income − $2,035 expenses = $359 out of pocket

Income$1,676Out of Pocket$359Mortgage P&I$1,33279%Property Taxes$17010%Insurance$966%Management$16810%CapEx$845%Vacancy$1016%Maintenance$845%

Investment Breakdown

|

Purchase Price

$244k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$51,198

Downpayment

20%

$48,760

Closing costs

1%

$2,438

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,676

Total Expenses

$2,035

Mortgage P&I

79%

$1,332

Property Taxes

10%

$170

Home Insurance

6%

$96

HOA

0%

$0

Property Management

10%

$168

CapEx

5%

$84

Vacancy

6%

$101

Maintenance

5%

$84

Other

0%

$0

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