REI Lense

REI Lense

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$2,428 (target)

6707 W 400 N, Michigan City, IN 46360

3 beds • 4 baths • 3084 sqft

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This property looks like a bad Long-Term investment with a projected -10.39% first-year return on $85,008 initial cash invested.

-10.39%

Cash On Cash

4.05%

Cap Rate

0.69

DSCR

$2,428

Rent

-$736

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$405k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$85,008

Downpayment

20%

$80,960

Closing costs

1%

$4,048

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,428

Total Expenses

$3,164

Mortgage P&I

82%

$1,982

Property Taxes

18%

$425

Home Insurance

5%

$126

HOA

0%

$0

Property Management

10%

$243

CapEx

5%

$121

Vacancy

6%

$146

Maintenance

5%

$121

Other

0%

$0

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