REI Lense

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$2,378 (target)

58590 Summit Ridge Dr, Mishawaka, IN 46544

3 beds • 3 baths • 3440 sqft

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This property looks like a bad Long-Term investment with a projected -11.41% first-year return on $85,050 initial cash invested.

-11.41%

Cash On Cash

4.73%

Cap Rate

0.7

DSCR

$2,378

Rent

-$809

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,378 income − $3,187 expenses = $809 out of pocket

Income$2,378Out of Pocket$809Mortgage P&I$2,28696%Property Taxes$1406%Insurance$1426%Management$23810%CapEx$1195%Vacancy$1436%Maintenance$1195%

Investment Breakdown

|

Purchase Price

$405k

Downpayment

20.0%

Interest Rate

7.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$85,050

Downpayment

20%

$81,000

Closing costs

1%

$4,050

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,378

Total Expenses

$3,187

Mortgage P&I

96%

$2,286

Property Taxes

6%

$140

Home Insurance

6%

$142

HOA

0%

$0

Property Management

10%

$238

CapEx

5%

$119

Vacancy

6%

$143

Maintenance

5%

$119

Other

0%

$0

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