REI Lense

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$3,328 (target)

3803 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 7.56% first-year return on $76,857 initial cash invested.

7.56%

Cash On Cash

9%

Cap Rate

1.42

DSCR

$3,328

Rent

$484

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,328 income − $2,844 expenses = $484 cash flow

Income$3,328Mortgage P&I$1,48445%Property Taxes$1Insurance$983%HOA$1304%Management$39912%CapEx$1334%Vacancy$1003%Maintenance$1334%Other$36611%Cash Flow$484

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

$3,328

Total Expenses

$2,844

Mortgage P&I

45%

$1,484

Property Taxes

0%

$1

Home Insurance

3%

$98

HOA

4%

$130

Property Management

12%

$399

CapEx

4%

$133

Vacancy

3%

$100

Maintenance

4%

$133

Other

11%

$366

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