REI Lense

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$1,641 (target)

54176 Independence St, Elkhart, IN 46514

3 beds • 2 baths • 1599 sqft

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This property looks like a bad Long-Term investment with a projected -3.75% first-year return on $44,205 initial cash invested.

-3.75%

Cash On Cash

6.01%

Cap Rate

0.95

DSCR

$1,641

Rent

-$138

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,641 income − $1,779 expenses = $138 out of pocket

Income$1,641Out of Pocket$138Mortgage P&I$1,11068%Property Taxes$17411%Insurance$694%Management$16410%CapEx$825%Vacancy$986%Maintenance$825%

Investment Breakdown

|

Purchase Price

$211k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$44,205

Downpayment

20%

$42,100

Closing costs

1%

$2,105

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,641

Total Expenses

$1,779

Mortgage P&I

68%

$1,110

Property Taxes

11%

$174

Home Insurance

4%

$69

HOA

0%

$0

Property Management

10%

$164

CapEx

5%

$82

Vacancy

6%

$98

Maintenance

5%

$82

Other

0%

$0

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