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29893 Cardinal Ave, Elkhart, IN 46516

3 beds • 2 baths • 2296 sqft

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This property might be a fair Mid-Term investment with a projected 9.47% first-year return on $63,465 initial cash invested.

9.47%

Cash On Cash

9.72%

Cap Rate

1.54

DSCR

$2,796

Rent

$501

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$217k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$63,465

Downpayment

20%

$43,300

Closing costs

1%

$2,165

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,796

Total Expenses

$2,295

Mortgage P&I

41%

$1,141

Property Taxes

5%

$126

Home Insurance

3%

$76

HOA

0%

$0

Property Management

12%

$336

CapEx

4%

$112

Vacancy

3%

$84

Maintenance

4%

$112

Other

11%

$308

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