REI Lense

REI Lense

Unlock all features! Tap here to upgrade

$3,237 (target)

710 Springland Ave, Michigan City, IN 46360

3 beds • 3 baths • 2744 sqft

Email

This property might be a fair Mid-Term investment with a projected 6.74% first-year return on $77,850 initial cash invested.

6.74%

Cash On Cash

8.48%

Cap Rate

1.39

DSCR

$3,237

Rent

$437

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,237 income − $2,800 expenses = $437 cash flow

Income$3,237Mortgage P&I$1,44945%Property Taxes$1525%Insurance$1003%Management$38812%CapEx$1294%Vacancy$973%Maintenance$1294%Other$35611%Cash Flow$437

Investment Breakdown

|

Purchase Price

$285k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$77,850

Downpayment

20%

$57,000

Closing costs

1%

$2,850

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,237

Total Expenses

$2,800

Mortgage P&I

45%

$1,449

Property Taxes

5%

$152

Home Insurance

3%

$100

HOA

0%

$0

Property Management

12%

$388

CapEx

4%

$129

Vacancy

3%

$97

Maintenance

4%

$129

Other

11%

$356

Enter a Property Address for Instant Investment Analysis

Fast and accurate real estate investment analysis