REI Lense

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$2,627 (target)

2440 Springhill Dr, Schererville, IN 46375

3 beds • 2 baths • 2216 sqft

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This property looks like a bad Long-Term investment with a projected -1.11% first-year return on $69,048 initial cash invested.

-1.11%

Cash On Cash

6.35%

Cap Rate

1.04

DSCR

$2,627

Rent

-$64

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,627 income − $2,691 expenses = $64 out of pocket

Income$2,627Out of Pocket$64Mortgage P&I$1,67364%Property Taxes$2188%Insurance$1174%Management$26310%CapEx$1315%Vacancy$1586%Maintenance$1315%

Investment Breakdown

|

Purchase Price

$329k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$69,048

Downpayment

20%

$65,760

Closing costs

1%

$3,288

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,627

Total Expenses

$2,691

Mortgage P&I

64%

$1,673

Property Taxes

8%

$218

Home Insurance

4%

$117

HOA

0%

$0

Property Management

10%

$263

CapEx

5%

$131

Vacancy

6%

$158

Maintenance

5%

$131

Other

0%

$0

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