REI Lense

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$3,279 (target)

7803 Colorado St, Merrillville, IN 46410

3 beds • 2 baths • 2190 sqft

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This property might be a fair Mid-Term investment with a projected 5.21% first-year return on $77,619 initial cash invested.

5.21%

Cash On Cash

8.08%

Cap Rate

1.32

DSCR

$3,279

Rent

$337

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,279 income − $2,942 expenses = $337 cash flow

Income$3,279Mortgage P&I$1,44444%Property Taxes$2839%Insurance$1013%Management$39312%CapEx$1314%Vacancy$983%Maintenance$1314%Other$36111%Cash Flow$337

Investment Breakdown

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Purchase Price

$284k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$77,619

Downpayment

20%

$56,780

Closing costs

1%

$2,839

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,279

Total Expenses

$2,942

Mortgage P&I

44%

$1,444

Property Taxes

9%

$283

Home Insurance

3%

$101

HOA

0%

$0

Property Management

12%

$393

CapEx

4%

$131

Vacancy

3%

$98

Maintenance

4%

$131

Other

11%

$361

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