REI Lense

REI Lense

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$2,535 (target)

58364 Ironwood Dr, Elkhart, IN 46516

3 beds • 2 baths • 2291 sqft

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This property might be a fair Mid-Term investment with a projected 4.21% first-year return on $65,250 initial cash invested.

4.21%

Cash On Cash

8.19%

Cap Rate

1.27

DSCR

$2,535

Rent

$229

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

$65,250

Downpayment

20%

$45,000

Closing costs

1%

$2,250

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,535

Total Expenses

$2,306

Mortgage P&I

48%

$1,205

Property Taxes

6%

$161

Home Insurance

3%

$79

HOA

0%

$0

Property Management

12%

$304

CapEx

4%

$101

Vacancy

3%

$76

Maintenance

4%

$101

Other

11%

$279

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