REI Lense

REI Lense

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$2,050 (target)

17771 Tanager Ln, South Bend, IN 46635

3 beds • 2 baths • 3202 sqft

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This property looks like a bad Long-Term investment with a projected -9.26% first-year return on $69,090 initial cash invested.

-9.26%

Cash On Cash

4.71%

Cap Rate

0.75

DSCR

$2,050

Rent

-$533

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,050 income − $2,583 expenses = $533 out of pocket

Income$2,050Out of Pocket$533Mortgage P&I$1,72384%Property Taxes$21310%Insurance$1156%Management$20510%CapEx$1025%Vacancy$1236%Maintenance$1025%

Investment Breakdown

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Purchase Price

$329k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$69,090

Downpayment

20%

$65,800

Closing costs

1%

$3,290

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,050

Total Expenses

$2,583

Mortgage P&I

84%

$1,723

Property Taxes

10%

$213

Home Insurance

6%

$115

HOA

0%

$0

Property Management

10%

$205

CapEx

5%

$102

Vacancy

6%

$123

Maintenance

5%

$102

Other

0%

$0

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