REI Lense

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$2,253 (target)

1626 Johnson St, South Bend, IN 46628

3 beds • 3 baths • 1963 sqft

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This property could be a profitable Mid-Term investment with a projected 23.4% first-year return on $37,950 initial cash invested.

23.4%

Cash On Cash

16.85%

Cap Rate

2.65

DSCR

$2,253

Rent

$740

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,253 income − $1,513 expenses = $740 cash flow

Income$2,253Mortgage P&I$50422%Property Taxes$2109%Insurance$331%Management$27012%CapEx$904%Vacancy$683%Maintenance$904%Other$24811%Cash Flow$740

Investment Breakdown

|

Purchase Price

$95,000

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$37,950

Downpayment

20%

$19,000

Closing costs

1%

$950

Rehab

0%

$0

Furnishing

19%

$18,000

Cashflow

Total Income

$2,253

Total Expenses

$1,513

Mortgage P&I

22%

$504

Property Taxes

9%

$210

Home Insurance

1%

$33

HOA

0%

$0

Property Management

12%

$270

CapEx

4%

$90

Vacancy

3%

$68

Maintenance

4%

$90

Other

11%

$248

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