REI Lense

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$2,105 (target)

2615 Belknap Ln, Mishawaka, IN 46544

3 beds • 3 baths • 2842 sqft

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This property looks like a bad Long-Term investment with a projected -8.1% first-year return on $70,350 initial cash invested.

-8.1%

Cash On Cash

4.67%

Cap Rate

0.78

DSCR

$2,105

Rent

-$475

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,105 income − $2,580 expenses = $475 out of pocket

Income$2,105Out of Pocket$475Mortgage P&I$1,67580%Property Taxes$20610%Insurance$1176%HOA$362%Management$21010%CapEx$1055%Vacancy$1266%Maintenance$1055%

Investment Breakdown

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Purchase Price

$335k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$70,350

Downpayment

20%

$67,000

Closing costs

1%

$3,350

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,105

Total Expenses

$2,580

Mortgage P&I

80%

$1,675

Property Taxes

10%

$206

Home Insurance

6%

$117

HOA

2%

$36

Property Management

10%

$210

CapEx

5%

$105

Vacancy

6%

$126

Maintenance

5%

$105

Other

0%

$0

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