REI Lense

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$1,836 (target)

1936 Piedmont Way, South Bend, IN 46614

3 beds • 2 baths • 1616 sqft

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This property looks like a bad Long-Term investment with a projected -3.33% first-year return on $49,350 initial cash invested.

-3.33%

Cash On Cash

6.15%

Cap Rate

0.96

DSCR

$1,836

Rent

-$137

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,836 income − $1,973 expenses = $137 out of pocket

Income$1,836Out of Pocket$137Mortgage P&I$1,24968%Property Taxes$1649%Insurance$824%Management$18410%CapEx$925%Vacancy$1106%Maintenance$925%

Investment Breakdown

|

Purchase Price

$235k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$49,350

Downpayment

20%

$47,000

Closing costs

1%

$2,350

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,836

Total Expenses

$1,973

Mortgage P&I

68%

$1,249

Property Taxes

9%

$164

Home Insurance

4%

$82

HOA

0%

$0

Property Management

10%

$184

CapEx

5%

$92

Vacancy

6%

$110

Maintenance

5%

$92

Other

0%

$0

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