REI Lense

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$2,190 (target)

217 Altgeld St, South Bend, IN 46614

3 beds • 2 baths • 1595 sqft

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This property might be a fair Mid-Term investment with a projected 0.96% first-year return on $59,979 initial cash invested.

0.96%

Cash On Cash

7.26%

Cap Rate

1.13

DSCR

$2,190

Rent

$48

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,190 income − $2,142 expenses = $48 cash flow

Income$2,190Mortgage P&I$1,07449%Property Taxes$25212%Insurance$703%Management$26312%CapEx$884%Vacancy$663%Maintenance$884%Other$24111%Cash Flow$48

Investment Breakdown

|

Purchase Price

$200k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$59,979

Downpayment

20%

$39,980

Closing costs

1%

$1,999

Rehab

0%

$0

Furnishing

9%

$18,000

Cashflow

Total Income

$2,190

Total Expenses

$2,142

Mortgage P&I

49%

$1,074

Property Taxes

12%

$252

Home Insurance

3%

$70

HOA

0%

$0

Property Management

12%

$263

CapEx

4%

$88

Vacancy

3%

$66

Maintenance

4%

$88

Other

11%

$241

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