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$4,892 (target)

29559 Locust Dr, Elkhart, IN 46516

3 beds • 3 baths • 2986 sqft

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This property looks like a bad Mid-Term investment with a projected -5.3% first-year return on $157k initial cash invested.

-5.3%

Cash On Cash

5.12%

Cap Rate

0.85

DSCR

$4,892

Rent

-$696

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,892 income − $5,588 expenses = $696 out of pocket

Income$4,892Out of Pocket$696Mortgage P&I$3,33368%Property Taxes$3507%Insurance$2415%Management$58712%CapEx$1964%Vacancy$1473%Maintenance$1964%Other$53811%

Investment Breakdown

|

Purchase Price

$664k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$157k

Downpayment

20%

$133k

Closing costs

1%

$6,642

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$4,892

Total Expenses

$5,588

Mortgage P&I

68%

$3,333

Property Taxes

7%

$350

Home Insurance

5%

$241

HOA

0%

$0

Property Management

12%

$587

CapEx

4%

$196

Vacancy

3%

$147

Maintenance

4%

$196

Other

11%

$538

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