REI Lense

REI Lense

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$2,353 (target)

8535 Taney St, Merrillville, IN 46410

3 beds • 2 baths • 2063 sqft

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This property looks like a bad Long-Term investment with a projected -8.63% first-year return on $78,456 initial cash invested.

-8.63%

Cash On Cash

4.77%

Cap Rate

0.77

DSCR

$2,353

Rent

-$564

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,353 income − $2,917 expenses = $564 out of pocket

Income$2,353Out of Pocket$564Mortgage P&I$1,93282%Property Taxes$23010%Insurance$1336%HOA$10Management$23510%CapEx$1185%Vacancy$1416%Maintenance$1185%

Investment Breakdown

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Purchase Price

$374k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$78,456

Downpayment

20%

$74,720

Closing costs

1%

$3,736

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,353

Total Expenses

$2,917

Mortgage P&I

82%

$1,932

Property Taxes

10%

$230

Home Insurance

6%

$133

HOA

0%

$10

Property Management

10%

$235

CapEx

5%

$118

Vacancy

6%

$141

Maintenance

5%

$118

Other

0%

$0

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