REI Lense

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$1,462 (target)

405 S West Blvd, Elkhart, IN 46514

3 beds • 2 baths • 1476 sqft

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This property looks like a bad Long-Term investment with a projected -6.45% first-year return on $40,950 initial cash invested.

-6.45%

Cash On Cash

5.61%

Cap Rate

0.86

DSCR

$1,462

Rent

-$220

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,462 income − $1,682 expenses = $220 out of pocket

Income$1,462Out of Pocket$220Mortgage P&I$1,05872%Property Taxes$17612%Insurance$685%Management$14610%CapEx$735%Vacancy$886%Maintenance$735%

Investment Breakdown

|

Purchase Price

$195k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$40,950

Downpayment

20%

$39,000

Closing costs

1%

$1,950

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,462

Total Expenses

$1,682

Mortgage P&I

72%

$1,058

Property Taxes

12%

$176

Home Insurance

5%

$68

HOA

0%

$0

Property Management

10%

$146

CapEx

5%

$73

Vacancy

6%

$88

Maintenance

5%

$73

Other

0%

$0

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