REI Lense

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$2,103 (target)

7032 Red Apple Dr, Michigan City, IN 46360

3 beds • 2 baths • 2028 sqft

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This property looks like a bad Mid-Term investment with a projected -1.77% first-year return on $72,579 initial cash invested.

-1.77%

Cash On Cash

5.94%

Cap Rate

0.98

DSCR

$2,103

Rent

-$107

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,103 income − $2,210 expenses = $107 out of pocket

Income$2,103Out of Pocket$107Mortgage P&I$1,30962%Property Taxes$965%Insurance$914%Management$25212%CapEx$844%Vacancy$633%Maintenance$844%Other$23111%

Investment Breakdown

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Purchase Price

$260k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$72,579

Downpayment

20%

$51,980

Closing costs

1%

$2,599

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,103

Total Expenses

$2,210

Mortgage P&I

62%

$1,309

Property Taxes

5%

$96

Home Insurance

4%

$91

HOA

0%

$0

Property Management

12%

$252

CapEx

4%

$84

Vacancy

3%

$63

Maintenance

4%

$84

Other

11%

$231

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