REI Lense

REI Lense

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$2,476 (target)

2404 Monroe St, La Porte, IN 46350

3 beds • 2 baths • 1625 sqft

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This property might be a fair Long-Term investment with a projected 4.69% first-year return on $56,595 initial cash invested.

4.69%

Cash On Cash

7.67%

Cap Rate

1.25

DSCR

$2,476

Rent

$221

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,476 income − $2,255 expenses = $221 cash flow

Income$2,476Mortgage P&I$1,37856%Property Taxes$1496%Insurance$833%Management$24810%CapEx$1245%Vacancy$1496%Maintenance$1245%Cash Flow$221

Investment Breakdown

|

Purchase Price

$270k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$56,595

Downpayment

20%

$53,900

Closing costs

1%

$2,695

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,476

Total Expenses

$2,255

Mortgage P&I

56%

$1,378

Property Taxes

6%

$149

Home Insurance

3%

$83

HOA

0%

$0

Property Management

10%

$248

CapEx

5%

$124

Vacancy

6%

$149

Maintenance

5%

$124

Other

0%

$0

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