REI Lense

REI Lense

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$1,688 (target)

801 Drake Rd, Kendallville, IN 46755

3 beds • 2 baths • 1628 sqft

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This property looks like a bad Long-Term investment with a projected -7.6% first-year return on $51,450 initial cash invested.

-7.6%

Cash On Cash

5.34%

Cap Rate

0.82

DSCR

$1,688

Rent

-$326

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,688 income − $2,014 expenses = $326 out of pocket

Income$1,688Out of Pocket$326Mortgage P&I$1,33379%Property Taxes$1559%Insurance$885%Management$16910%CapEx$845%Vacancy$1016%Maintenance$845%

Investment Breakdown

|

Purchase Price

$245k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$51,450

Downpayment

20%

$49,000

Closing costs

1%

$2,450

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,688

Total Expenses

$2,014

Mortgage P&I

79%

$1,333

Property Taxes

9%

$155

Home Insurance

5%

$88

HOA

0%

$0

Property Management

10%

$169

CapEx

5%

$84

Vacancy

6%

$101

Maintenance

5%

$84

Other

0%

$0

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