REI Lense

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$2,429 (target)

1227 W 82nd Ave, Merrillville, IN 46410

3 beds • 2 baths • 1608 sqft

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This property might be a fair Long-Term investment with a projected 4.78% first-year return on $53,676 initial cash invested.

4.78%

Cash On Cash

7.68%

Cap Rate

1.26

DSCR

$2,429

Rent

$214

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,429 income − $2,215 expenses = $214 cash flow

Income$2,429Mortgage P&I$1,30054%Property Taxes$1948%Insurance$904%Management$24310%CapEx$1215%Vacancy$1466%Maintenance$1215%Cash Flow$214

Investment Breakdown

|

Purchase Price

$256k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$53,676

Downpayment

20%

$51,120

Closing costs

1%

$2,556

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,429

Total Expenses

$2,215

Mortgage P&I

54%

$1,300

Property Taxes

8%

$194

Home Insurance

4%

$90

HOA

0%

$0

Property Management

10%

$243

CapEx

5%

$121

Vacancy

6%

$146

Maintenance

5%

$121

Other

0%

$0

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