REI Lense

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$2,046 (target)

715 Garfield St, Gary, IN 46404

3 beds • 2 baths • 2928 sqft

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This property might be a fair Long-Term investment with a projected 3.8% first-year return on $44,268 initial cash invested.

3.8%

Cash On Cash

7.79%

Cap Rate

1.21

DSCR

$2,046

Rent

$140

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,046 income − $1,906 expenses = $140 cash flow

Income$2,046Mortgage P&I$1,12655%Property Taxes$1789%Insurance$703%Management$20510%CapEx$1025%Vacancy$1236%Maintenance$1025%Cash Flow$140

Investment Breakdown

|

Purchase Price

$211k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$44,268

Downpayment

20%

$42,160

Closing costs

1%

$2,108

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,046

Total Expenses

$1,906

Mortgage P&I

55%

$1,126

Property Taxes

9%

$178

Home Insurance

3%

$70

HOA

0%

$0

Property Management

10%

$205

CapEx

5%

$102

Vacancy

6%

$123

Maintenance

5%

$102

Other

0%

$0

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