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$3,597 (target)

6849 Prairie Path Ln, Merrillville, IN 46410

3 beds • 2 baths • 1429 sqft

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This property might be a fair Mid-Term investment with a projected 7.83% first-year return on $80,748 initial cash invested.

7.83%

Cash On Cash

8.8%

Cap Rate

1.44

DSCR

$3,597

Rent

$527

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,597 income − $3,070 expenses = $527 cash flow

Income$3,597Mortgage P&I$1,52042%Property Taxes$2216%Insurance$1053%Management$43212%CapEx$1444%Vacancy$1083%Maintenance$1444%Other$39611%Cash Flow$527

Investment Breakdown

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Purchase Price

$299k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$80,748

Downpayment

20%

$59,760

Closing costs

1%

$2,988

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,597

Total Expenses

$3,070

Mortgage P&I

42%

$1,520

Property Taxes

6%

$221

Home Insurance

3%

$105

HOA

0%

$0

Property Management

12%

$432

CapEx

4%

$144

Vacancy

3%

$108

Maintenance

4%

$144

Other

11%

$396

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