REI Lense

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$2,198 (target)

1450 W 35th Ave, Gary, IN 46408

3 beds • 2 baths • 1000 sqft

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This property might be a fair Mid-Term investment with a projected 6.25% first-year return on $51,243 initial cash invested.

6.25%

Cash On Cash

9.06%

Cap Rate

1.42

DSCR

$2,198

Rent

$267

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,198 income − $1,931 expenses = $267 cash flow

Income$2,198Mortgage P&I$84038%Property Taxes$28713%Insurance$563%Management$26412%CapEx$884%Vacancy$663%Maintenance$884%Other$24211%Cash Flow$267

Investment Breakdown

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Purchase Price

$158k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$51,243

Downpayment

20%

$31,660

Closing costs

1%

$1,583

Rehab

0%

$0

Furnishing

11%

$18,000

Cashflow

Total Income

$2,198

Total Expenses

$1,931

Mortgage P&I

38%

$840

Property Taxes

13%

$287

Home Insurance

3%

$56

HOA

0%

$0

Property Management

12%

$264

CapEx

4%

$88

Vacancy

3%

$66

Maintenance

4%

$88

Other

11%

$242

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