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$3,700 (target)

55 Magnolia Trl, Michigan City, IN 46360

3 beds • 3 baths • 2948 sqft

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This property looks like a bad Mid-Term investment with a projected -12.94% first-year return on $164k initial cash invested.

-12.94%

Cash On Cash

3.09%

Cap Rate

0.53

DSCR

$3,700

Rent

-$1,771

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,700 income − $5,471 expenses = $1,771 out of pocket

Income$3,700Out of Pocket$1,771Mortgage P&I$3,41992%Property Taxes$35410%Insurance$2577%HOA$1835%Management$44412%CapEx$1484%Vacancy$1113%Maintenance$1484%Other$40711%

Investment Breakdown

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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

$3,700

Total Expenses

$5,471

Mortgage P&I

92%

$3,419

Property Taxes

10%

$354

Home Insurance

7%

$257

HOA

5%

$183

Property Management

12%

$444

CapEx

4%

$148

Vacancy

3%

$111

Maintenance

4%

$148

Other

11%

$407

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