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$2,450 (target)

1865 College St, South Bend, IN 46628

3 beds • 2 baths • 1948 sqft

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This property might be a fair Mid-Term investment with a projected 4.33% first-year return on $63,150 initial cash invested.

4.33%

Cash On Cash

8.23%

Cap Rate

1.28

DSCR

$2,450

Rent

$228

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,450 income − $2,222 expenses = $228 cash flow

Income$2,450Mortgage P&I$1,14947%Property Taxes$1647%Insurance$753%Management$29412%CapEx$984%Vacancy$743%Maintenance$984%Other$27011%Cash Flow$228

Investment Breakdown

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Purchase Price

$215k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$63,150

Downpayment

20%

$43,000

Closing costs

1%

$2,150

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,450

Total Expenses

$2,222

Mortgage P&I

47%

$1,149

Property Taxes

7%

$164

Home Insurance

3%

$75

HOA

0%

$0

Property Management

12%

$294

CapEx

4%

$98

Vacancy

3%

$74

Maintenance

4%

$98

Other

11%

$270

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