REI Lense

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$2,433 (target)

2956 Joann St, Portage, IN 46368

3 beds • 2 baths • 2184 sqft

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This property looks like a bad Long-Term investment with a projected -0.29% first-year return on $57,918 initial cash invested.

-0.29%

Cash On Cash

6.58%

Cap Rate

1.08

DSCR

$2,433

Rent

-$14

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,433 income − $2,447 expenses = $14 out of pocket

Income$2,433Out of Pocket$14Mortgage P&I$1,40458%Property Taxes$31213%Insurance$984%Management$24310%CapEx$1225%Vacancy$1466%Maintenance$1225%

Investment Breakdown

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Purchase Price

$276k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$57,918

Downpayment

20%

$55,160

Closing costs

1%

$2,758

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,433

Total Expenses

$2,447

Mortgage P&I

58%

$1,404

Property Taxes

13%

$312

Home Insurance

4%

$98

HOA

0%

$0

Property Management

10%

$243

CapEx

5%

$122

Vacancy

6%

$146

Maintenance

5%

$122

Other

0%

$0

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