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$2,298 (target)

837 Patterson Dr, South Bend, IN 46615

3 beds • 2 baths • 1264 sqft

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This property might be a fair Mid-Term investment with a projected 0.39% first-year return on $63,990 initial cash invested.

0.39%

Cash On Cash

7.11%

Cap Rate

1.1

DSCR

$2,298

Rent

$21

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,298 income − $2,277 expenses = $21 cash flow

Income$2,298Mortgage P&I$1,18552%Property Taxes$23310%Insurance$773%Management$27612%CapEx$924%Vacancy$693%Maintenance$924%Other$25311%Cash Flow$21

Investment Breakdown

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Purchase Price

$219k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$63,990

Downpayment

20%

$43,800

Closing costs

1%

$2,190

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,298

Total Expenses

$2,277

Mortgage P&I

52%

$1,185

Property Taxes

10%

$233

Home Insurance

3%

$77

HOA

0%

$0

Property Management

12%

$276

CapEx

4%

$92

Vacancy

3%

$69

Maintenance

4%

$92

Other

11%

$253

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