REI Lense

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$2,123 (target)

6136 Canary Ave, Portage, IN 46368

3 beds • 2 baths • 1593 sqft

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This property looks like a bad Long-Term investment with a projected -2.31% first-year return on $57,645 initial cash invested.

-2.31%

Cash On Cash

6.02%

Cap Rate

1

DSCR

$2,123

Rent

-$111

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,123 income − $2,234 expenses = $111 out of pocket

Income$2,123Out of Pocket$111Mortgage P&I$1,38265%Property Taxes$20310%Insurance$985%Management$21210%CapEx$1065%Vacancy$1276%Maintenance$1065%

Investment Breakdown

|

Purchase Price

$275k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$57,645

Downpayment

20%

$54,900

Closing costs

1%

$2,745

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,123

Total Expenses

$2,234

Mortgage P&I

65%

$1,382

Property Taxes

10%

$203

Home Insurance

5%

$98

HOA

0%

$0

Property Management

10%

$212

CapEx

5%

$106

Vacancy

6%

$127

Maintenance

5%

$106

Other

0%

$0

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