REI Lense

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$2,305 (target)

7654 Monroe St, Merrillville, IN 46410

3 beds • 2 baths • 1635 sqft

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This property might be a fair Long-Term investment with a projected 2.52% first-year return on $50,001 initial cash invested.

2.52%

Cash On Cash

7.48%

Cap Rate

1.17

DSCR

$2,305

Rent

$105

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,305 income − $2,200 expenses = $105 cash flow

Income$2,305Mortgage P&I$1,26555%Property Taxes$22110%Insurance$844%HOA$321%Management$23010%CapEx$1155%Vacancy$1386%Maintenance$1155%Cash Flow$105

Investment Breakdown

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Purchase Price

$238k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$50,001

Downpayment

20%

$47,620

Closing costs

1%

$2,381

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,305

Total Expenses

$2,200

Mortgage P&I

55%

$1,265

Property Taxes

10%

$221

Home Insurance

4%

$84

HOA

1%

$32

Property Management

10%

$230

CapEx

5%

$115

Vacancy

6%

$138

Maintenance

5%

$115

Other

0%

$0

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