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$2,284 (target)

1220 E 3rd St, Mishawaka, IN 46544

3 beds • 2 baths • 1970 sqft

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This property might be a fair Mid-Term investment with a projected 7.16% first-year return on $56,325 initial cash invested.

7.16%

Cash On Cash

9.44%

Cap Rate

1.42

DSCR

$2,284

Rent

$336

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,284 income − $1,948 expenses = $336 cash flow

Income$2,284Mortgage P&I$1,00844%Property Taxes$1004%Insurance$643%Management$27412%CapEx$914%Vacancy$693%Maintenance$914%Other$25111%Cash Flow$336

Investment Breakdown

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Purchase Price

$183k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$56,325

Downpayment

20%

$36,500

Closing costs

1%

$1,825

Rehab

0%

$0

Furnishing

10%

$18,000

Cashflow

Total Income

$2,284

Total Expenses

$1,948

Mortgage P&I

44%

$1,008

Property Taxes

4%

$100

Home Insurance

3%

$64

HOA

0%

$0

Property Management

12%

$274

CapEx

4%

$91

Vacancy

3%

$69

Maintenance

4%

$91

Other

11%

$251

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