REI Lense

REI Lense

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$2,718 (target)

621 Superior St, Michigan City, IN 46360

3 beds • 3 baths • 1512 sqft

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This property might be a fair Mid-Term investment with a projected 9.27% first-year return on $63,570 initial cash invested.

9.27%

Cash On Cash

9.64%

Cap Rate

1.52

DSCR

$2,718

Rent

$491

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$217k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$63,570

Downpayment

20%

$43,400

Closing costs

1%

$2,170

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,718

Total Expenses

$2,227

Mortgage P&I

42%

$1,143

Property Taxes

4%

$99

Home Insurance

2%

$60

HOA

0%

$0

Property Management

12%

$326

CapEx

4%

$109

Vacancy

3%

$82

Maintenance

4%

$109

Other

11%

$299

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