REI Lense

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$1,421 (target)

205 Belden St, Michigan City, IN 46360

3 beds • 2 baths • 1589 sqft

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This property looks like a bad Long-Term investment with a projected -7.79% first-year return on $40,992 initial cash invested.

-7.79%

Cash On Cash

5.18%

Cap Rate

0.81

DSCR

$1,421

Rent

-$266

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,421 income − $1,687 expenses = $266 out of pocket

Income$1,421Out of Pocket$266Mortgage P&I$1,03773%Property Taxes$23216%Insurance$493%Management$14210%CapEx$715%Vacancy$856%Maintenance$715%

Investment Breakdown

|

Purchase Price

$195k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$40,992

Downpayment

20%

$39,040

Closing costs

1%

$1,952

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,421

Total Expenses

$1,687

Mortgage P&I

73%

$1,037

Property Taxes

16%

$232

Home Insurance

3%

$49

HOA

0%

$0

Property Management

10%

$142

CapEx

5%

$71

Vacancy

6%

$85

Maintenance

5%

$71

Other

0%

$0

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