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$3,940 (target)

2440 Springhill Dr, Schererville, IN 46375

3 beds • 2 baths • 2216 sqft

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This property might be a fair Mid-Term investment with a projected 8.16% first-year return on $87,048 initial cash invested.

8.16%

Cash On Cash

8.84%

Cap Rate

1.45

DSCR

$3,940

Rent

$592

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,940 income − $3,348 expenses = $592 cash flow

Income$3,940Mortgage P&I$1,67342%Property Taxes$2186%Insurance$1173%Management$47312%CapEx$1584%Vacancy$1183%Maintenance$1584%Other$43311%Cash Flow$592

Investment Breakdown

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Purchase Price

$329k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$87,048

Downpayment

20%

$65,760

Closing costs

1%

$3,288

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,940

Total Expenses

$3,348

Mortgage P&I

42%

$1,673

Property Taxes

6%

$218

Home Insurance

3%

$117

HOA

0%

$0

Property Management

12%

$473

CapEx

4%

$158

Vacancy

3%

$118

Maintenance

4%

$158

Other

11%

$433

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