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1144 Congress Ave, South Bend, IN 46615

4 beds • 2 baths • 1495 sqft

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This property might be a fair Mid-Term investment with a projected 7.25% first-year return on $76,479 initial cash invested.

7.25%

Cash On Cash

9.07%

Cap Rate

1.45

DSCR

$3,060

Rent

$462

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,060 income − $2,598 expenses = $462 cash flow

Income$3,060Mortgage P&I$1,30543%Property Taxes$1655%Insurance$883%Management$36712%CapEx$1224%Vacancy$923%Maintenance$1224%Other$33711%Cash Flow$462

Investment Breakdown

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Purchase Price

$250k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$76,479

Downpayment

20%

$49,980

Closing costs

1%

$2,499

Rehab

0%

$0

Furnishing

10%

$24,000

Cashflow

Total Income

$3,060

Total Expenses

$2,598

Mortgage P&I

43%

$1,305

Property Taxes

5%

$165

Home Insurance

3%

$88

HOA

0%

$0

Property Management

12%

$367

CapEx

4%

$122

Vacancy

3%

$92

Maintenance

4%

$122

Other

11%

$337

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