REI Lense

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$2,396 (target)

8223 Maple Ave, Gary, IN 46403

3 beds • 2 baths • 2200 sqft

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This property looks like a bad Mid-Term investment with a projected -8.87% first-year return on $94,797 initial cash invested.

-8.87%

Cash On Cash

4.05%

Cap Rate

0.67

DSCR

$2,396

Rent

-$701

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,396 income − $3,097 expenses = $701 out of pocket

Income$2,396Out of Pocket$701Mortgage P&I$1,83877%Property Taxes$30813%Insurance$1356%Management$28812%CapEx$964%Vacancy$723%Maintenance$964%Other$26411%

Investment Breakdown

|

Purchase Price

$366k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$94,797

Downpayment

20%

$73,140

Closing costs

1%

$3,657

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,396

Total Expenses

$3,097

Mortgage P&I

77%

$1,838

Property Taxes

13%

$308

Home Insurance

6%

$135

HOA

0%

$0

Property Management

12%

$288

CapEx

4%

$96

Vacancy

3%

$72

Maintenance

4%

$96

Other

11%

$264

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