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$2,319 (target)

1620 Portage Ave, South Bend, IN 46616

3 beds • 2 baths • 1372 sqft

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This property might be a fair Mid-Term investment with a projected 8.34% first-year return on $56,514 initial cash invested.

8.34%

Cash On Cash

9.55%

Cap Rate

1.5

DSCR

$2,319

Rent

$393

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,319 income − $1,926 expenses = $393 cash flow

Income$2,319Mortgage P&I$97442%Property Taxes$1004%Insurance$633%Management$27812%CapEx$934%Vacancy$703%Maintenance$934%Other$25511%Cash Flow$393

Investment Breakdown

|

Purchase Price

$183k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$56,514

Downpayment

20%

$36,680

Closing costs

1%

$1,834

Rehab

0%

$0

Furnishing

10%

$18,000

Cashflow

Total Income

$2,319

Total Expenses

$1,926

Mortgage P&I

42%

$974

Property Taxes

4%

$100

Home Insurance

3%

$63

HOA

0%

$0

Property Management

12%

$278

CapEx

4%

$93

Vacancy

3%

$70

Maintenance

4%

$93

Other

11%

$255

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