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$3,057 (target)

7970 Northcote Ave, Hammond, IN 46324

3 beds • 3 baths • 2960 sqft

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This property looks like a bad Mid-Term investment with a projected -3.24% first-year return on $97,779 initial cash invested.

-3.24%

Cash On Cash

5.59%

Cap Rate

0.93

DSCR

$3,057

Rent

-$264

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,057 income − $3,321 expenses = $264 out of pocket

Income$3,057Out of Pocket$264Mortgage P&I$1,91363%Property Taxes$2368%Insurance$1334%Management$36712%CapEx$1224%Vacancy$923%Maintenance$1224%Other$33611%

Investment Breakdown

|

Purchase Price

$380k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$97,779

Downpayment

20%

$75,980

Closing costs

1%

$3,799

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,057

Total Expenses

$3,321

Mortgage P&I

63%

$1,913

Property Taxes

8%

$236

Home Insurance

4%

$133

HOA

0%

$0

Property Management

12%

$367

CapEx

4%

$122

Vacancy

3%

$92

Maintenance

4%

$122

Other

11%

$336

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