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$1,940 (target)

3509 Melody Ln W, Kokomo, IN 46902

3 beds • 2 baths • 1040 sqft

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This property might be a fair Mid-Term investment with a projected 2.49% first-year return on $56,850 initial cash invested.

2.49%

Cash On Cash

7.67%

Cap Rate

1.2

DSCR

$1,940

Rent

$118

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,940 income − $1,822 expenses = $118 cash flow

Income$1,940Mortgage P&I$98651%Property Taxes$1116%Insurance$653%Management$23312%CapEx$784%Vacancy$583%Maintenance$784%Other$21311%Cash Flow$118

Investment Breakdown

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Purchase Price

$185k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$56,850

Downpayment

20%

$37,000

Closing costs

1%

$1,850

Rehab

0%

$0

Furnishing

10%

$18,000

Cashflow

Total Income

$1,940

Total Expenses

$1,822

Mortgage P&I

51%

$986

Property Taxes

6%

$111

Home Insurance

3%

$65

HOA

0%

$0

Property Management

12%

$233

CapEx

4%

$78

Vacancy

3%

$58

Maintenance

4%

$78

Other

11%

$213

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