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2808 Edison Rd, South Bend, IN 46615

3 beds • 1 baths • 1560 sqft

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This property could be a profitable Mid-Term investment with a projected 18.23% first-year return on $51,600 initial cash invested.

18.23%

Cash On Cash

13.05%

Cap Rate

2.05

DSCR

$2,685

Rent

$784

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,685 income − $1,901 expenses = $784 cash flow

Income$2,685Mortgage P&I$84932%Property Taxes$843%Insurance$562%Management$32212%CapEx$1074%Vacancy$813%Maintenance$1074%Other$29511%Cash Flow$784

Investment Breakdown

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Purchase Price

$160k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$51,600

Downpayment

20%

$32,000

Closing costs

1%

$1,600

Rehab

0%

$0

Furnishing

11%

$18,000

Cashflow

Total Income

$2,685

Total Expenses

$1,901

Mortgage P&I

32%

$849

Property Taxes

3%

$84

Home Insurance

2%

$56

HOA

0%

$0

Property Management

12%

$322

CapEx

4%

$107

Vacancy

3%

$81

Maintenance

4%

$107

Other

11%

$295

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