REI Lense

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$2,303 (target)

5324 Johnson St, Merrillville, IN 46410

3 beds • 2 baths • 1806 sqft

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This property looks like a bad Long-Term investment with a projected -2.38% first-year return on $63,042 initial cash invested.

-2.38%

Cash On Cash

6.25%

Cap Rate

0.99

DSCR

$2,303

Rent

-$125

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,303 income − $2,428 expenses = $125 out of pocket

Income$2,303Out of Pocket$125Mortgage P&I$1,57368%Property Taxes$1507%Insurance$1075%Management$23010%CapEx$1155%Vacancy$1386%Maintenance$1155%

Investment Breakdown

|

Purchase Price

$300k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$63,042

Downpayment

20%

$60,040

Closing costs

1%

$3,002

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,303

Total Expenses

$2,428

Mortgage P&I

68%

$1,573

Property Taxes

7%

$150

Home Insurance

5%

$107

HOA

0%

$0

Property Management

10%

$230

CapEx

5%

$115

Vacancy

6%

$138

Maintenance

5%

$115

Other

0%

$0

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