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$2,612 (target)

132 Hendricks St, Michigan City, IN 46360

3 beds • 2 baths • 1816 sqft

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This property could be a profitable Mid-Term investment with a projected 25.08% first-year return on $44,250 initial cash invested.

25.08%

Cash On Cash

16.16%

Cap Rate

2.57

DSCR

$2,612

Rent

$925

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,612 income − $1,687 expenses = $925 cash flow

Income$2,612Mortgage P&I$65425%Property Taxes$1034%Insurance$442%Management$31312%CapEx$1044%Vacancy$783%Maintenance$1044%Other$28711%Cash Flow$925

Investment Breakdown

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Purchase Price

$125k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$44,250

Downpayment

20%

$25,000

Closing costs

1%

$1,250

Rehab

0%

$0

Furnishing

14%

$18,000

Cashflow

Total Income

$2,612

Total Expenses

$1,687

Mortgage P&I

25%

$654

Property Taxes

4%

$103

Home Insurance

2%

$44

HOA

0%

$0

Property Management

12%

$313

CapEx

4%

$104

Vacancy

3%

$78

Maintenance

4%

$104

Other

11%

$287

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