REI Lense

REI Lense

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$2,198 (target)

55981 Riverdale Dr, Elkhart, IN 46514

3 beds • 2 baths • 2464 sqft

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This property looks like a bad Long-Term investment with a projected -23.62% first-year return on $140k initial cash invested.

-23.62%

Cash On Cash

1.28%

Cap Rate

0.21

DSCR

$2,198

Rent

-$2,751

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$665k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$140k

Downpayment

20%

$133k

Closing costs

1%

$6,654

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,198

Total Expenses

$4,949

Mortgage P&I

152%

$3,349

Property Taxes

37%

$818

Home Insurance

10%

$210

HOA

0%

$0

Property Management

10%

$220

CapEx

5%

$110

Vacancy

6%

$132

Maintenance

5%

$110

Other

0%

$0

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