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$3,572 (target)

227 Devonshire Dr, South Bend, IN 46615

3 beds • 3 baths • 2978 sqft

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This property could be a profitable Mid-Term investment with a projected 10.33% first-year return on $75,288 initial cash invested.

10.33%

Cash On Cash

9.75%

Cap Rate

1.55

DSCR

$3,572

Rent

$648

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,572 income − $2,924 expenses = $648 cash flow

Income$3,572Mortgage P&I$1,42640%Property Taxes$1875%Insurance$963%Management$42912%CapEx$1434%Vacancy$1073%Maintenance$1434%Other$39311%Cash Flow$648

Investment Breakdown

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Purchase Price

$273k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$75,288

Downpayment

20%

$54,560

Closing costs

1%

$2,728

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$3,572

Total Expenses

$2,924

Mortgage P&I

40%

$1,426

Property Taxes

5%

$187

Home Insurance

3%

$96

HOA

0%

$0

Property Management

12%

$429

CapEx

4%

$143

Vacancy

3%

$107

Maintenance

4%

$143

Other

11%

$393

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