REI Lense

REI Lense

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$1,812 (target)

621 Superior St, Michigan City, IN 46360

3 beds • 3 baths • 1512 sqft

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This property might be a fair Long-Term investment with a projected 1% first-year return on $45,570 initial cash invested.

1%

Cash On Cash

7.03%

Cap Rate

1.11

DSCR

$1,812

Rent

$38

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

Purchase Price

$217k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$45,570

Downpayment

20%

$43,400

Closing costs

1%

$2,170

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,812

Total Expenses

$1,774

Mortgage P&I

63%

$1,143

Property Taxes

5%

$99

Home Insurance

3%

$60

HOA

0%

$0

Property Management

10%

$181

CapEx

5%

$91

Vacancy

6%

$109

Maintenance

5%

$91

Other

0%

$0

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