REI Lense

REI Lense

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$2,038 (target)

7970 Northcote Ave, Hammond, IN 46324

3 beds • 3 baths • 2960 sqft

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This property looks like a bad Long-Term investment with a projected -11.64% first-year return on $79,779 initial cash invested.

-11.64%

Cash On Cash

3.92%

Cap Rate

0.65

DSCR

$2,038

Rent

-$774

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,038 income − $2,812 expenses = $774 out of pocket

Income$2,038Out of Pocket$774Mortgage P&I$1,91394%Property Taxes$23612%Insurance$1337%Management$20410%CapEx$1025%Vacancy$1226%Maintenance$1025%

Investment Breakdown

|

Purchase Price

$380k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$79,779

Downpayment

20%

$75,980

Closing costs

1%

$3,799

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,038

Total Expenses

$2,812

Mortgage P&I

94%

$1,913

Property Taxes

12%

$236

Home Insurance

7%

$133

HOA

0%

$0

Property Management

10%

$204

CapEx

5%

$102

Vacancy

6%

$122

Maintenance

5%

$102

Other

0%

$0

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