REI Lense

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$2,422 (target)

25904 Quail Ridge Dr, Elkhart, IN 46514

3 beds • 3 baths • 2006 sqft

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This property looks like a bad Mid-Term investment with a projected -1.98% first-year return on $70,479 initial cash invested.

-1.98%

Cash On Cash

6.24%

Cap Rate

0.99

DSCR

$2,422

Rent

-$116

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,422 income − $2,538 expenses = $116 out of pocket

Income$2,422Out of Pocket$116Mortgage P&I$1,31954%Property Taxes$30713%Insurance$884%Management$29112%CapEx$974%Vacancy$733%Maintenance$974%Other$26611%

Investment Breakdown

|

Purchase Price

$250k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$70,479

Downpayment

20%

$49,980

Closing costs

1%

$2,499

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,422

Total Expenses

$2,538

Mortgage P&I

54%

$1,319

Property Taxes

13%

$307

Home Insurance

4%

$88

HOA

0%

$0

Property Management

12%

$291

CapEx

4%

$97

Vacancy

3%

$73

Maintenance

4%

$97

Other

11%

$266

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