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$2,991 (target)

6622 Fairview Ave, Portage, IN 46368

3 beds • 2 baths • 1416 sqft

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This property might be a fair Mid-Term investment with a projected 4.4% first-year return on $74,238 initial cash invested.

4.4%

Cash On Cash

8.07%

Cap Rate

1.28

DSCR

$2,991

Rent

$272

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,991 income − $2,719 expenses = $272 cash flow

Income$2,991Mortgage P&I$1,40847%Property Taxes$1957%Insurance$983%Management$35912%CapEx$1204%Vacancy$903%Maintenance$1204%Other$32911%Cash Flow$272

Investment Breakdown

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Purchase Price

$268k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$74,238

Downpayment

20%

$53,560

Closing costs

1%

$2,678

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,991

Total Expenses

$2,719

Mortgage P&I

47%

$1,408

Property Taxes

7%

$195

Home Insurance

3%

$98

HOA

0%

$0

Property Management

12%

$359

CapEx

4%

$120

Vacancy

3%

$90

Maintenance

4%

$120

Other

11%

$329

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