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$2,754 (target)

1936 Piedmont Way, South Bend, IN 46614

3 beds • 2 baths • 1616 sqft

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This property might be a fair Mid-Term investment with a projected 5.76% first-year return on $67,350 initial cash invested.

5.76%

Cash On Cash

8.59%

Cap Rate

1.35

DSCR

$2,754

Rent

$323

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,754 income − $2,431 expenses = $323 cash flow

Income$2,754Mortgage P&I$1,24945%Property Taxes$1646%Insurance$823%Management$33012%CapEx$1104%Vacancy$833%Maintenance$1104%Other$30311%Cash Flow$323

Investment Breakdown

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Purchase Price

$235k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$67,350

Downpayment

20%

$47,000

Closing costs

1%

$2,350

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,754

Total Expenses

$2,431

Mortgage P&I

45%

$1,249

Property Taxes

6%

$164

Home Insurance

3%

$82

HOA

0%

$0

Property Management

12%

$330

CapEx

4%

$110

Vacancy

3%

$83

Maintenance

4%

$110

Other

11%

$303

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