REI Lense

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$1,568 (target)

1738 E Bowman St, South Bend, IN 46613

3 beds • 2 baths • 1152 sqft

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This property looks like a bad Long-Term investment with a projected -1.73% first-year return on $38,913 initial cash invested.

-1.73%

Cash On Cash

6.51%

Cap Rate

1.02

DSCR

$1,568

Rent

-$56

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,568 income − $1,624 expenses = $56 out of pocket

Income$1,568Out of Pocket$56Mortgage P&I$98363%Property Taxes$16811%Insurance$664%Management$15710%CapEx$785%Vacancy$946%Maintenance$785%

Investment Breakdown

|

Purchase Price

$185k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$38,913

Downpayment

20%

$37,060

Closing costs

1%

$1,853

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,568

Total Expenses

$1,624

Mortgage P&I

63%

$983

Property Taxes

11%

$168

Home Insurance

4%

$66

HOA

0%

$0

Property Management

10%

$157

CapEx

5%

$78

Vacancy

6%

$94

Maintenance

5%

$78

Other

0%

$0

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