REI Lense

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$3,500 (target)

3799 Countryside Dr, Portage, IN 46368

3 beds • 2 baths • 1469 sqft

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This property might be a fair Mid-Term investment with a projected 9.32% first-year return on $76,857 initial cash invested.

9.32%

Cash On Cash

9.51%

Cap Rate

1.5

DSCR

$3,500

Rent

$597

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,500 income − $2,903 expenses = $597 cash flow

Income$3,500Mortgage P&I$1,48442%Property Taxes$1Insurance$983%HOA$1304%Management$42012%CapEx$1404%Vacancy$1053%Maintenance$1404%Other$38511%Cash Flow$597

Investment Breakdown

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Purchase Price

$280k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$76,857

Downpayment

20%

$56,054

Closing costs

1%

$2,803

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,500

Total Expenses

$2,903

Mortgage P&I

42%

$1,484

Property Taxes

0%

$1

Home Insurance

3%

$98

HOA

4%

$130

Property Management

12%

$420

CapEx

4%

$140

Vacancy

3%

$105

Maintenance

4%

$140

Other

11%

$385

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