REI Lense

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$1,594 (target)

6269 Cleveland St, Merrillville, IN 46410

3 beds • 2 baths • 1700 sqft

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This property looks like a bad Long-Term investment with a projected -5.69% first-year return on $47,250 initial cash invested.

-5.69%

Cash On Cash

5.66%

Cap Rate

0.88

DSCR

$1,594

Rent

-$224

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,594 income − $1,818 expenses = $224 out of pocket

Income$1,594Out of Pocket$224Mortgage P&I$1,20576%Property Taxes$1197%Insurance$795%Management$15910%CapEx$805%Vacancy$966%Maintenance$805%

Investment Breakdown

|

Purchase Price

$225k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$47,250

Downpayment

20%

$45,000

Closing costs

1%

$2,250

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,594

Total Expenses

$1,818

Mortgage P&I

76%

$1,205

Property Taxes

7%

$119

Home Insurance

5%

$79

HOA

0%

$0

Property Management

10%

$159

CapEx

5%

$80

Vacancy

6%

$96

Maintenance

5%

$80

Other

0%

$0

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