REI Lense

REI Lense

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$2,304 (target)

51028 Prescott Ave, South Bend, IN 46637

3 beds • 2 baths • 1717 sqft

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This property might be a fair Long-Term investment with a projected 8.93% first-year return on $44,625 initial cash invested.

8.93%

Cash On Cash

9.04%

Cap Rate

1.39

DSCR

$2,304

Rent

$332

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$213k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$44,625

Downpayment

20%

$42,500

Closing costs

1%

$2,125

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,304

Total Expenses

$1,972

Mortgage P&I

50%

$1,154

Property Taxes

6%

$145

Home Insurance

3%

$75

HOA

0%

$0

Property Management

10%

$230

CapEx

5%

$115

Vacancy

6%

$138

Maintenance

5%

$115

Other

0%

$0

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