REI Lense

REI Lense

Unlock all features! Tap here to upgrade

213 Kenwood Pl, Michigan City, IN 46360

3 beds • 3 baths • 3004 sqft

Email

This property looks like a bad Airbnb investment with a projected -12.52% first-year return on $136k initial cash invested.

-12.52%

Cash On Cash

3.33%

Cap Rate

0.55

DSCR

$3,775

Rent

-$1,418

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,775 income − $5,193 expenses = $1,418 out of pocket

Income$3,775Out of Pocket$1,418Mortgage P&I$2,82775%Property Taxes$3589%Insurance$1965%Management$56615%CapEx$1514%Maintenance$1514%Other$94425%

Investment Breakdown

|

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

$3,775

Total Expenses

$5,193

Mortgage P&I

75%

$2,827

Property Taxes

9%

$358

Home Insurance

5%

$196

HOA

0%

$0

Property Management

15%

$566

CapEx

4%

$151

Vacancy

0%

$0

Maintenance

4%

$151

Other

25%

$944

Enter a Property Address for Instant Investment Analysis

Fast and accurate real estate investment analysis