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$4,228 (target)

213 Kenwood Pl, Michigan City, IN 46360

3 beds • 3 baths • 3004 sqft

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This property looks like a bad Mid-Term investment with a projected -5.21% first-year return on $136k initial cash invested.

-5.21%

Cash On Cash

5.14%

Cap Rate

0.85

DSCR

$4,228

Rent

-$590

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,228 income − $4,818 expenses = $590 out of pocket

Income$4,228Out of Pocket$590Mortgage P&I$2,82767%Property Taxes$3588%Insurance$1965%Management$50712%CapEx$1694%Vacancy$1273%Maintenance$1694%Other$46511%

Investment Breakdown

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Purchase Price

$562k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$136k

Downpayment

20%

$112k

Closing costs

1%

$5,615

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$4,228

Total Expenses

$4,818

Mortgage P&I

67%

$2,827

Property Taxes

8%

$358

Home Insurance

5%

$196

HOA

0%

$0

Property Management

12%

$507

CapEx

4%

$169

Vacancy

3%

$127

Maintenance

4%

$169

Other

11%

$465

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