REI Lense

REI Lense

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$1,453 (target)

1240 Altgeld St, South Bend, IN 46614

3 beds • 2 baths • 1428 sqft

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This property might be a fair Long-Term investment with a projected 6.69% first-year return on $27,279 initial cash invested.

6.69%

Cash On Cash

8.71%

Cap Rate

1.31

DSCR

$1,453

Rent

$152

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,453 income − $1,301 expenses = $152 cash flow

Income$1,453Mortgage P&I$71849%Property Taxes$15911%Insurance$463%Management$14510%CapEx$735%Vacancy$876%Maintenance$735%Cash Flow$152

Investment Breakdown

|

Purchase Price

$130k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$27,279

Downpayment

20%

$25,980

Closing costs

1%

$1,299

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,453

Total Expenses

$1,301

Mortgage P&I

49%

$718

Property Taxes

11%

$159

Home Insurance

3%

$46

HOA

0%

$0

Property Management

10%

$145

CapEx

5%

$73

Vacancy

6%

$87

Maintenance

5%

$73

Other

0%

$0

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