REI Lense

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$1,527 (target)

51937 Meadow Crest Dr, South Bend, IN 46628

3 beds • 2 baths • 1032 sqft

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This property looks like a bad Long-Term investment with a projected -3.48% first-year return on $44,100 initial cash invested.

-3.48%

Cash On Cash

6.2%

Cap Rate

0.95

DSCR

$1,527

Rent

-$128

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,527 income − $1,655 expenses = $128 out of pocket

Income$1,527Out of Pocket$128Mortgage P&I$1,13774%Property Taxes$473%Insurance$745%Management$15310%CapEx$765%Vacancy$926%Maintenance$765%

Investment Breakdown

|

Purchase Price

$210k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$44,100

Downpayment

20%

$42,000

Closing costs

1%

$2,100

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,527

Total Expenses

$1,655

Mortgage P&I

74%

$1,137

Property Taxes

3%

$47

Home Insurance

5%

$74

HOA

0%

$0

Property Management

10%

$153

CapEx

5%

$76

Vacancy

6%

$92

Maintenance

5%

$76

Other

0%

$0

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