REI Lense

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$2,467 (target)

55 Magnolia Trl, Michigan City, IN 46360

3 beds • 3 baths • 2948 sqft

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This property looks like a bad Long-Term investment with a projected -19.58% first-year return on $146k initial cash invested.

-19.58%

Cash On Cash

1.99%

Cap Rate

0.34

DSCR

$2,467

Rent

-$2,387

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,467 income − $4,854 expenses = $2,387 out of pocket

Income$2,467Out of Pocket$2,387Mortgage P&I$3,419139%Property Taxes$35414%Insurance$25710%HOA$1837%Management$24710%CapEx$1235%Vacancy$1486%Maintenance$1235%

Investment Breakdown

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Purchase Price

$697k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$146k

Downpayment

20%

$139k

Closing costs

1%

$6,965

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,467

Total Expenses

$4,854

Mortgage P&I

139%

$3,419

Property Taxes

14%

$354

Home Insurance

10%

$257

HOA

7%

$183

Property Management

10%

$247

CapEx

5%

$123

Vacancy

6%

$148

Maintenance

5%

$123

Other

0%

$0

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