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$2,560 (target)

3050 W 47th Ave, Gary, IN 46408

3 beds • 2 baths • 2124 sqft

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This property might be a fair Mid-Term investment with a projected 0.6% first-year return on $70,416 initial cash invested.

0.6%

Cash On Cash

6.99%

Cap Rate

1.1

DSCR

$2,560

Rent

$35

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,560 income − $2,525 expenses = $35 cash flow

Income$2,560Mortgage P&I$1,31751%Property Taxes$2008%Insurance$1385%Management$30712%CapEx$1024%Vacancy$773%Maintenance$1024%Other$28211%Cash Flow$35

Investment Breakdown

|

Purchase Price

$250k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$70,416

Downpayment

20%

$49,920

Closing costs

1%

$2,496

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,560

Total Expenses

$2,525

Mortgage P&I

51%

$1,317

Property Taxes

8%

$200

Home Insurance

5%

$138

HOA

0%

$0

Property Management

12%

$307

CapEx

4%

$102

Vacancy

3%

$77

Maintenance

4%

$102

Other

11%

$282

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