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$2,577 (target)

2962 Providence Dr, Mishawaka, IN 46544

3 beds • 2 baths • 1296 sqft

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This property might be a fair Mid-Term investment with a projected 1.77% first-year return on $71,004 initial cash invested.

1.77%

Cash On Cash

7.17%

Cap Rate

1.16

DSCR

$2,577

Rent

$105

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,577 income − $2,472 expenses = $105 cash flow

Income$2,577Mortgage P&I$1,30150%Property Taxes$2078%Insurance$893%Management$30912%CapEx$1034%Vacancy$773%Maintenance$1034%Other$28311%Cash Flow$105

Investment Breakdown

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Purchase Price

$252k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$71,004

Downpayment

20%

$50,480

Closing costs

1%

$2,524

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,577

Total Expenses

$2,472

Mortgage P&I

50%

$1,301

Property Taxes

8%

$207

Home Insurance

3%

$89

HOA

0%

$0

Property Management

12%

$309

CapEx

4%

$103

Vacancy

3%

$77

Maintenance

4%

$103

Other

11%

$283

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