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523 W 16th St, Mishawaka, IN 46544

3 beds • 3 baths • 2579 sqft

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This property could be a profitable Mid-Term investment with a projected 10.67% first-year return on $94,440 initial cash invested.

10.67%

Cash On Cash

9.12%

Cap Rate

1.58

DSCR

$4,354

Rent

$840

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$364k

Downpayment

20.0%

Interest Rate

6.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$94,440

Downpayment

20%

$72,800

Closing costs

1%

$3,640

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$4,354

Total Expenses

$3,514

Mortgage P&I

40%

$1,751

Property Taxes

4%

$154

Home Insurance

3%

$129

HOA

0%

$0

Property Management

12%

$522

CapEx

4%

$174

Vacancy

3%

$131

Maintenance

4%

$174

Other

11%

$479

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