REI Lense

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$2,132 (target)

205 Belden St, Michigan City, IN 46360

3 beds • 2 baths • 1589 sqft

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This property might be a fair Mid-Term investment with a projected 1.81% first-year return on $58,992 initial cash invested.

1.81%

Cash On Cash

7.44%

Cap Rate

1.17

DSCR

$2,132

Rent

$89

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,132 income − $2,043 expenses = $89 cash flow

Income$2,132Mortgage P&I$1,03749%Property Taxes$23211%Insurance$492%Management$25612%CapEx$854%Vacancy$643%Maintenance$854%Other$23511%Cash Flow$89

Investment Breakdown

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Purchase Price

$195k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$58,992

Downpayment

20%

$39,040

Closing costs

1%

$1,952

Rehab

0%

$0

Furnishing

9%

$18,000

Cashflow

Total Income

$2,132

Total Expenses

$2,043

Mortgage P&I

49%

$1,037

Property Taxes

11%

$232

Home Insurance

2%

$49

HOA

0%

$0

Property Management

12%

$256

CapEx

4%

$85

Vacancy

3%

$64

Maintenance

4%

$85

Other

11%

$235

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