REI Lense

REI Lense

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$1,334 (target)

3719 W 24th Ave, Gary, IN 46404

3 beds • 3 baths • 5312 sqft

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This property looks like a bad Long-Term investment with a projected -7.66% first-year return on $38,850 initial cash invested.

-7.66%

Cash On Cash

5.46%

Cap Rate

0.82

DSCR

$1,334

Rent

-$248

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,334 income − $1,582 expenses = $248 out of pocket

Income$1,334Out of Pocket$248Mortgage P&I$1,02277%Property Taxes$14811%Insurance$655%Management$13310%CapEx$675%Vacancy$806%Maintenance$675%

Investment Breakdown

|

Purchase Price

$185k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$38,850

Downpayment

20%

$37,000

Closing costs

1%

$1,850

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,334

Total Expenses

$1,582

Mortgage P&I

77%

$1,022

Property Taxes

11%

$148

Home Insurance

5%

$65

HOA

0%

$0

Property Management

10%

$133

CapEx

5%

$67

Vacancy

6%

$80

Maintenance

5%

$67

Other

0%

$0

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