REI Lense

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$3,530 (target)

8535 Taney St, Merrillville, IN 46410

3 beds • 2 baths • 2063 sqft

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This property might be a fair Mid-Term investment with a projected 0.31% first-year return on $96,456 initial cash invested.

0.31%

Cash On Cash

6.74%

Cap Rate

1.09

DSCR

$3,530

Rent

$25

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,530 income − $3,505 expenses = $25 cash flow

Income$3,530Mortgage P&I$1,93255%Property Taxes$2307%Insurance$1334%HOA$10Management$42412%CapEx$1414%Vacancy$1063%Maintenance$1414%Other$38811%Cash Flow$25

Investment Breakdown

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Purchase Price

$374k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$96,456

Downpayment

20%

$74,720

Closing costs

1%

$3,736

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,530

Total Expenses

$3,505

Mortgage P&I

55%

$1,932

Property Taxes

7%

$230

Home Insurance

4%

$133

HOA

0%

$10

Property Management

12%

$424

CapEx

4%

$141

Vacancy

3%

$106

Maintenance

4%

$141

Other

11%

$388

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