REI Lense

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$3,158 (target)

2615 Belknap Ln, Mishawaka, IN 46544

3 beds • 3 baths • 2842 sqft

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This property might be a fair Mid-Term investment with a projected 0.69% first-year return on $88,350 initial cash invested.

0.69%

Cash On Cash

6.63%

Cap Rate

1.11

DSCR

$3,158

Rent

$51

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,158 income − $3,107 expenses = $51 cash flow

Income$3,158Mortgage P&I$1,67553%Property Taxes$2067%Insurance$1174%HOA$361%Management$37912%CapEx$1264%Vacancy$953%Maintenance$1264%Other$34711%Cash Flow$51

Investment Breakdown

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Purchase Price

$335k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$88,350

Downpayment

20%

$67,000

Closing costs

1%

$3,350

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,158

Total Expenses

$3,107

Mortgage P&I

53%

$1,675

Property Taxes

7%

$206

Home Insurance

4%

$117

HOA

1%

$36

Property Management

12%

$379

CapEx

4%

$126

Vacancy

3%

$95

Maintenance

4%

$126

Other

11%

$347

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