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$3,717 (target)

216 Lawndale Pl, Michigan City, IN 46360

3 beds • 2 baths • 1808 sqft

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This property could be a profitable Mid-Term investment with a projected 16.8% first-year return on $67,350 initial cash invested.

16.8%

Cash On Cash

12.11%

Cap Rate

1.85

DSCR

$3,717

Rent

$943

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,717 income − $2,774 expenses = $943 cash flow

Income$3,717Mortgage P&I$1,27934%Property Taxes$1484%Insurance$822%Management$44612%CapEx$1494%Vacancy$1123%Maintenance$1494%Other$40911%Cash Flow$943

Investment Breakdown

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Purchase Price

$235k

Downpayment

20.0%

Interest Rate

7.2%

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

$3,717

Total Expenses

$2,774

Mortgage P&I

34%

$1,279

Property Taxes

4%

$148

Home Insurance

2%

$82

HOA

0%

$0

Property Management

12%

$446

CapEx

4%

$149

Vacancy

3%

$112

Maintenance

4%

$149

Other

11%

$409

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