REI Lense

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$2,728 (target)

1227 E Colfax Ave, South Bend, IN 46617

3 beds • 2 baths • 2184 sqft

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This property might be a fair Mid-Term investment with a projected 0.03% first-year return on $79,761 initial cash invested.

0.03%

Cash On Cash

6.55%

Cap Rate

1.07

DSCR

$2,728

Rent

$2

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,728 income − $2,726 expenses = $2 cash flow

Income$2,728Mortgage P&I$1,49555%Property Taxes$1977%Insurance$1074%Management$32712%CapEx$1094%Vacancy$823%Maintenance$1094%Other$30011%Cash Flow$2

Investment Breakdown

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Purchase Price

$294k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$79,761

Downpayment

20%

$58,820

Closing costs

1%

$2,941

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,728

Total Expenses

$2,726

Mortgage P&I

55%

$1,495

Property Taxes

7%

$197

Home Insurance

4%

$107

HOA

0%

$0

Property Management

12%

$327

CapEx

4%

$109

Vacancy

3%

$82

Maintenance

4%

$109

Other

11%

$300

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