REI Lense

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$3,567 (target)

58590 Summit Ridge Dr, Mishawaka, IN 46544

3 beds • 3 baths • 3440 sqft

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This property looks like a bad Mid-Term investment with a projected -2.49% first-year return on $103k initial cash invested.

-2.49%

Cash On Cash

6.56%

Cap Rate

0.97

DSCR

$3,567

Rent

-$214

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,567 income − $3,781 expenses = $214 out of pocket

Income$3,567Out of Pocket$214Mortgage P&I$2,28664%Property Taxes$1404%Insurance$1424%Management$42812%CapEx$1434%Vacancy$1073%Maintenance$1434%Other$39211%

Investment Breakdown

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Purchase Price

$405k

Downpayment

20.0%

Interest Rate

7.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$103k

Downpayment

20%

$81,000

Closing costs

1%

$4,050

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,567

Total Expenses

$3,781

Mortgage P&I

64%

$2,286

Property Taxes

4%

$140

Home Insurance

4%

$142

HOA

0%

$0

Property Management

12%

$428

CapEx

4%

$143

Vacancy

3%

$107

Maintenance

4%

$143

Other

11%

$392

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