REI Lense

REI Lense

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$2,489 (target)

56045 Riverdale Dr, Elkhart, IN 46514

3 beds • 4 baths • 3827 sqft

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This property looks like a bad Long-Term investment with a projected -14.44% first-year return on $106k initial cash invested.

-14.44%

Cash On Cash

3.21%

Cap Rate

0.54

DSCR

$2,489

Rent

-$1,280

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,489 income − $3,769 expenses = $1,280 out of pocket

Income$2,489Out of Pocket$1,280Mortgage P&I$2,512101%Property Taxes$40716%Insurance$2008%HOA$4Management$24910%CapEx$1245%Vacancy$1496%Maintenance$1245%

Investment Breakdown

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Purchase Price

$506k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$106k

Downpayment

20%

$101k

Closing costs

1%

$5,064

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,489

Total Expenses

$3,769

Mortgage P&I

101%

$2,512

Property Taxes

16%

$407

Home Insurance

8%

$200

HOA

0%

$4

Property Management

10%

$249

CapEx

5%

$124

Vacancy

6%

$149

Maintenance

5%

$124

Other

0%

$0

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