REI Lense

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$3,261 (target)

29559 Locust Dr, Elkhart, IN 46516

3 beds • 3 baths • 2986 sqft

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This property looks like a bad Long-Term investment with a projected -13% first-year return on $139k initial cash invested.

-13%

Cash On Cash

3.59%

Cap Rate

0.6

DSCR

$3,261

Rent

-$1,511

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,261 income − $4,772 expenses = $1,511 out of pocket

Income$3,261Out of Pocket$1,511Mortgage P&I$3,333102%Property Taxes$35011%Insurance$2417%Management$32610%CapEx$1635%Vacancy$1966%Maintenance$1635%

Investment Breakdown

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Purchase Price

$664k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$139k

Downpayment

20%

$133k

Closing costs

1%

$6,642

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,261

Total Expenses

$4,772

Mortgage P&I

102%

$3,333

Property Taxes

11%

$350

Home Insurance

7%

$241

HOA

0%

$0

Property Management

10%

$326

CapEx

5%

$163

Vacancy

6%

$196

Maintenance

5%

$163

Other

0%

$0

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