REI Lense

REI Lense

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$1,690 (target)

58364 Ironwood Dr, Elkhart, IN 46516

3 beds • 2 baths • 2291 sqft

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This property looks like a bad Long-Term investment with a projected -4.9% first-year return on $47,250 initial cash invested.

-4.9%

Cash On Cash

5.85%

Cap Rate

0.91

DSCR

$1,690

Rent

-$193

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$225k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$47,250

Downpayment

20%

$45,000

Closing costs

1%

$2,250

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,690

Total Expenses

$1,883

Mortgage P&I

71%

$1,205

Property Taxes

10%

$161

Home Insurance

5%

$79

HOA

0%

$0

Property Management

10%

$169

CapEx

5%

$84

Vacancy

6%

$101

Maintenance

5%

$84

Other

0%

$0

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