REI Lense

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$2,391 (target)

6269 Cleveland St, Merrillville, IN 46410

3 beds • 2 baths • 1700 sqft

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This property might be a fair Mid-Term investment with a projected 3.2% first-year return on $65,250 initial cash invested.

3.2%

Cash On Cash

7.87%

Cap Rate

1.22

DSCR

$2,391

Rent

$174

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,391 income − $2,217 expenses = $174 cash flow

Income$2,391Mortgage P&I$1,20550%Property Taxes$1195%Insurance$793%Management$28712%CapEx$964%Vacancy$723%Maintenance$964%Other$26311%Cash Flow$174

Investment Breakdown

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Purchase Price

$225k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$65,250

Downpayment

20%

$45,000

Closing costs

1%

$2,250

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,391

Total Expenses

$2,217

Mortgage P&I

50%

$1,205

Property Taxes

5%

$119

Home Insurance

3%

$79

HOA

0%

$0

Property Management

12%

$287

CapEx

4%

$96

Vacancy

3%

$72

Maintenance

4%

$96

Other

11%

$263

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