REI Lense

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$1,718 (target)

2962 Providence Dr, Mishawaka, IN 46544

3 beds • 2 baths • 1296 sqft

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This property looks like a bad Long-Term investment with a projected -7.38% first-year return on $53,004 initial cash invested.

-7.38%

Cash On Cash

5.04%

Cap Rate

0.82

DSCR

$1,718

Rent

-$326

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,718 income − $2,044 expenses = $326 out of pocket

Income$1,718Out of Pocket$326Mortgage P&I$1,30176%Property Taxes$20712%Insurance$895%Management$17210%CapEx$865%Vacancy$1036%Maintenance$865%

Investment Breakdown

|

Purchase Price

$252k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$53,004

Downpayment

20%

$50,480

Closing costs

1%

$2,524

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,718

Total Expenses

$2,044

Mortgage P&I

76%

$1,301

Property Taxes

12%

$207

Home Insurance

5%

$89

HOA

0%

$0

Property Management

10%

$172

CapEx

5%

$86

Vacancy

6%

$103

Maintenance

5%

$86

Other

0%

$0

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