REI Lense

REI Lense

Unlock all features! Tap here to upgrade

55 Magnolia Trl, Michigan City, IN 46360

3 beds • 3 baths • 2948 sqft

Email

This property looks like a bad Airbnb investment with a projected -20.75% first-year return on $164k initial cash invested.

-20.75%

Cash On Cash

1.18%

Cap Rate

0.2

DSCR

$2,637

Rent

-$2,841

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,637 income − $5,478 expenses = $2,841 out of pocket

Income$2,637Out of Pocket$2,841Mortgage P&I$3,419130%Property Taxes$35413%Insurance$25710%HOA$1837%Management$39615%CapEx$1054%Maintenance$1054%Other$65925%

Investment Breakdown

|

Purchase Price

$697k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$164k

Downpayment

20%

$139k

Closing costs

1%

$6,965

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$2,637

Total Expenses

$5,478

Mortgage P&I

130%

$3,419

Property Taxes

13%

$354

Home Insurance

10%

$257

HOA

7%

$183

Property Management

15%

$396

CapEx

4%

$105

Vacancy

0%

$0

Maintenance

4%

$105

Other

25%

$659

Enter a Property Address for Instant Investment Analysis

Fast and accurate real estate investment analysis