REI Lense

REI Lense

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$2,186 (target)

7803 Colorado St, Merrillville, IN 46410

3 beds • 2 baths • 2190 sqft

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This property looks like a bad Long-Term investment with a projected -4.23% first-year return on $59,619 initial cash invested.

-4.23%

Cash On Cash

5.68%

Cap Rate

0.93

DSCR

$2,186

Rent

-$210

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,186 income − $2,396 expenses = $210 out of pocket

Income$2,186Out of Pocket$210Mortgage P&I$1,44466%Property Taxes$28313%Insurance$1015%Management$21910%CapEx$1095%Vacancy$1316%Maintenance$1095%

Investment Breakdown

|

Purchase Price

$284k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$59,619

Downpayment

20%

$56,780

Closing costs

1%

$2,839

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,186

Total Expenses

$2,396

Mortgage P&I

66%

$1,444

Property Taxes

13%

$283

Home Insurance

5%

$101

HOA

0%

$0

Property Management

10%

$219

CapEx

5%

$109

Vacancy

6%

$131

Maintenance

5%

$109

Other

0%

$0

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