REI Lense

REI Lense

Unlock all features! Tap here to upgrade

$2,158 (target)

710 Springland Ave, Michigan City, IN 46360

3 beds • 3 baths • 2744 sqft

Email

This property looks like a bad Long-Term investment with a projected -2.09% first-year return on $59,850 initial cash invested.

-2.09%

Cash On Cash

6.12%

Cap Rate

1

DSCR

$2,158

Rent

-$104

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,158 income − $2,262 expenses = $104 out of pocket

Income$2,158Out of Pocket$104Mortgage P&I$1,44967%Property Taxes$1527%Insurance$1005%Management$21610%CapEx$1085%Vacancy$1296%Maintenance$1085%

Investment Breakdown

|

Purchase Price

$285k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$59,850

Downpayment

20%

$57,000

Closing costs

1%

$2,850

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,158

Total Expenses

$2,262

Mortgage P&I

67%

$1,449

Property Taxes

7%

$152

Home Insurance

5%

$100

HOA

0%

$0

Property Management

10%

$216

CapEx

5%

$108

Vacancy

6%

$129

Maintenance

5%

$108

Other

0%

$0

Enter a Property Address for Instant Investment Analysis

Fast and accurate real estate investment analysis