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$1,824 (target)

1222 W Franklin St, Elkhart, IN 46516

3 beds • 2 baths • 1490 sqft

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This property might be a fair Long-Term investment with a projected 3.81% first-year return on $44,079 initial cash invested.

3.81%

Cash On Cash

7.7%

Cap Rate

1.21

DSCR

$1,824

Rent

$140

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,824 income − $1,684 expenses = $140 cash flow

Income$1,824Mortgage P&I$1,11561%Property Taxes$221%Insurance$744%Management$18210%CapEx$915%Vacancy$1096%Maintenance$915%Cash Flow$140

Investment Breakdown

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Purchase Price

$210k

Downpayment

20.0%

Interest Rate

7.0%

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

$1,824

Total Expenses

$1,684

Mortgage P&I

61%

$1,115

Property Taxes

1%

$22

Home Insurance

4%

$74

HOA

0%

$0

Property Management

10%

$182

CapEx

5%

$91

Vacancy

6%

$109

Maintenance

5%

$91

Other

0%

$0

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