REI Lense

REI Lense

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$2,289 (target)

2515 W 57th Ave, Merrillville, IN 46410

3 beds • 2 baths • 1794 sqft

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This property might be a fair Long-Term investment with a projected 3.22% first-year return on $54,327 initial cash invested.

3.22%

Cash On Cash

7.19%

Cap Rate

1.2

DSCR

$2,289

Rent

$146

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,289 income − $2,143 expenses = $146 cash flow

Income$2,289Mortgage P&I$1,29156%Property Taxes$1667%Insurance$924%Management$22910%CapEx$1145%Vacancy$1376%Maintenance$1145%Cash Flow$146

Investment Breakdown

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Purchase Price

$259k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$54,327

Downpayment

20%

$51,740

Closing costs

1%

$2,587

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,289

Total Expenses

$2,143

Mortgage P&I

56%

$1,291

Property Taxes

7%

$166

Home Insurance

4%

$92

HOA

0%

$0

Property Management

10%

$229

CapEx

5%

$114

Vacancy

6%

$137

Maintenance

5%

$114

Other

0%

$0

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