REI Lense

REI Lense

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$1,794 (target)

1526 S Main St, Mishawaka, IN 46544

3 beds • 2 baths • 2424 sqft

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This property looks like a bad Long-Term investment with a projected -10.71% first-year return on $73,269 initial cash invested.

-10.71%

Cash On Cash

4.03%

Cap Rate

0.68

DSCR

$1,794

Rent

-$654

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,794 income − $2,448 expenses = $654 out of pocket

Income$1,794Out of Pocket$654Mortgage P&I$1,73797%Property Taxes$1227%Insurance$1227%Management$17910%CapEx$905%Vacancy$1086%Maintenance$905%

Investment Breakdown

|

Purchase Price

$349k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$73,269

Downpayment

20%

$69,780

Closing costs

1%

$3,489

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,794

Total Expenses

$2,448

Mortgage P&I

97%

$1,737

Property Taxes

7%

$122

Home Insurance

7%

$122

HOA

0%

$0

Property Management

10%

$179

CapEx

5%

$90

Vacancy

6%

$108

Maintenance

5%

$90

Other

0%

$0

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