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51618 Myrtle Ave, South Bend, IN 46637

3 beds • 2 baths • 1744 sqft

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This property could be a profitable Mid-Term investment with a projected 11.29% first-year return on $70,500 initial cash invested.

11.29%

Cash On Cash

10.24%

Cap Rate

1.6

DSCR

$3,400

Rent

$663

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$250k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$70,500

Downpayment

20%

$50,000

Closing costs

1%

$2,500

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$3,400

Total Expenses

$2,737

Mortgage P&I

39%

$1,335

Property Taxes

5%

$158

Home Insurance

3%

$88

HOA

0%

$0

Property Management

12%

$408

CapEx

4%

$136

Vacancy

3%

$102

Maintenance

4%

$136

Other

11%

$374

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