REI Lense

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$1,541 (target)

53537 Cleveland Estates Dr, Elkhart, IN 46514

3 beds • 2 baths • 1456 sqft

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This property looks like a bad Long-Term investment with a projected -10.7% first-year return on $55,629 initial cash invested.

-10.7%

Cash On Cash

4.38%

Cap Rate

0.7

DSCR

$1,541

Rent

-$496

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,541 income − $2,037 expenses = $496 out of pocket

Income$1,541Out of Pocket$496Mortgage P&I$1,38590%Property Taxes$15810%Insurance$946%Management$15410%CapEx$775%Vacancy$926%Maintenance$775%

Investment Breakdown

|

Purchase Price

$265k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$55,629

Downpayment

20%

$52,980

Closing costs

1%

$2,649

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,541

Total Expenses

$2,037

Mortgage P&I

90%

$1,385

Property Taxes

10%

$158

Home Insurance

6%

$94

HOA

0%

$0

Property Management

10%

$154

CapEx

5%

$77

Vacancy

6%

$92

Maintenance

5%

$77

Other

0%

$0

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