REI Lense

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$2,018 (target)

1120 W Rose St, South Bend, IN 46616

3 beds • 2 baths • 2046 sqft

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This property might be a fair Long-Term investment with a projected 2.45% first-year return on $44,079 initial cash invested.

2.45%

Cash On Cash

7.72%

Cap Rate

1.16

DSCR

$2,018

Rent

$90

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,018 income − $1,928 expenses = $90 cash flow

Income$2,018Mortgage P&I$1,16057%Property Taxes$1698%Insurance$744%Management$20210%CapEx$1015%Vacancy$1216%Maintenance$1015%Cash Flow$90

Investment Breakdown

|

Purchase Price

$210k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$44,079

Downpayment

20%

$41,980

Closing costs

1%

$2,099

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,018

Total Expenses

$1,928

Mortgage P&I

57%

$1,160

Property Taxes

8%

$169

Home Insurance

4%

$74

HOA

0%

$0

Property Management

10%

$202

CapEx

5%

$101

Vacancy

6%

$121

Maintenance

5%

$101

Other

0%

$0

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