REI Lense

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$2,198 (target)

607 W North St, Fremont, IN 46737

3 beds • 2 baths • 1755 sqft

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This property might be a fair Mid-Term investment with a projected 7.99% first-year return on $55,842 initial cash invested.

7.99%

Cash On Cash

9.42%

Cap Rate

1.48

DSCR

$2,198

Rent

$372

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,198 income − $1,826 expenses = $372 cash flow

Income$2,198Mortgage P&I$95543%Property Taxes$743%Insurance$492%Management$26412%CapEx$884%Vacancy$663%Maintenance$884%Other$24211%Cash Flow$372

Investment Breakdown

|

Purchase Price

$180k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$55,842

Downpayment

20%

$36,040

Closing costs

1%

$1,802

Rehab

0%

$0

Furnishing

10%

$18,000

Cashflow

Total Income

$2,198

Total Expenses

$1,826

Mortgage P&I

43%

$955

Property Taxes

3%

$74

Home Insurance

2%

$49

HOA

0%

$0

Property Management

12%

$264

CapEx

4%

$88

Vacancy

3%

$66

Maintenance

4%

$88

Other

11%

$242

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