REI Lense

REI Lense

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$2,000 (target)

1311 Berkshire Dr, South Bend, IN 46614

3 beds • 2 baths • 1922 sqft

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This property looks like a bad Long-Term investment with a projected -8.38% first-year return on $54,264 initial cash invested.

-8.38%

Cash On Cash

4.75%

Cap Rate

0.79

DSCR

$2,000

Rent

-$379

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$258k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$54,264

Downpayment

20%

$51,680

Closing costs

1%

$2,584

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,000

Total Expenses

$2,379

Mortgage P&I

65%

$1,301

Property Taxes

23%

$465

Home Insurance

5%

$93

HOA

0%

$0

Property Management

10%

$200

CapEx

5%

$100

Vacancy

6%

$120

Maintenance

5%

$100

Other

0%

$0

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