REI Lense

REI Lense

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$3,000 (target)

1311 Berkshire Dr, South Bend, IN 46614

3 beds • 2 baths • 1922 sqft

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This property might be a fair Mid-Term investment with a projected 2.01% first-year return on $72,264 initial cash invested.

2.01%

Cash On Cash

7.16%

Cap Rate

1.19

DSCR

$3,000

Rent

$121

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

$72,264

Downpayment

20%

$51,680

Closing costs

1%

$2,584

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$3,000

Total Expenses

$2,879

Mortgage P&I

43%

$1,301

Property Taxes

16%

$465

Home Insurance

3%

$93

HOA

0%

$0

Property Management

12%

$360

CapEx

4%

$120

Vacancy

3%

$90

Maintenance

4%

$120

Other

11%

$330

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