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$2,804 (target)

23666 Bel Ridge Dr, Elkhart, IN 46516

3 beds • 4 baths • 2896 sqft

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This property looks like a bad Mid-Term investment with a projected -3.73% first-year return on $85,200 initial cash invested.

-3.73%

Cash On Cash

5.71%

Cap Rate

0.91

DSCR

$2,804

Rent

-$265

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,804 income − $3,069 expenses = $265 out of pocket

Income$2,804Out of Pocket$265Mortgage P&I$1,67660%Property Taxes$32912%Insurance$1124%Management$33612%CapEx$1124%Vacancy$843%Maintenance$1124%Other$30811%

Investment Breakdown

|

Purchase Price

$320k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$85,200

Downpayment

20%

$64,000

Closing costs

1%

$3,200

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,804

Total Expenses

$3,069

Mortgage P&I

60%

$1,676

Property Taxes

12%

$329

Home Insurance

4%

$112

HOA

0%

$0

Property Management

12%

$336

CapEx

4%

$112

Vacancy

3%

$84

Maintenance

4%

$112

Other

11%

$308

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