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$1,853 (target)

29766 Carolina Ave, Elkhart, IN 46516

3 beds • 2 baths • 2333 sqft

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This property looks like a bad Long-Term investment with a projected -5.82% first-year return on $58,779 initial cash invested.

-5.82%

Cash On Cash

5.25%

Cap Rate

0.86

DSCR

$1,853

Rent

-$285

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,853 income − $2,138 expenses = $285 out of pocket

Income$1,853Out of Pocket$285Mortgage P&I$1,41776%Property Taxes$1418%Insurance$985%Management$18510%CapEx$935%Vacancy$1116%Maintenance$935%

Investment Breakdown

|

Purchase Price

$280k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$58,779

Downpayment

20%

$55,980

Closing costs

1%

$2,799

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,853

Total Expenses

$2,138

Mortgage P&I

76%

$1,417

Property Taxes

8%

$141

Home Insurance

5%

$98

HOA

0%

$0

Property Management

10%

$185

CapEx

5%

$93

Vacancy

6%

$111

Maintenance

5%

$93

Other

0%

$0

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