REI Lense

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$2,951 (target)

9056 Grindel Pl, Cedar Lake, IN 46303

3 beds • 2 baths • 1786 sqft

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This property looks like a bad Long-Term investment with a projected -3.98% first-year return on $82,929 initial cash invested.

-3.98%

Cash On Cash

5.61%

Cap Rate

0.94

DSCR

$2,951

Rent

-$275

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,951 income − $3,226 expenses = $275 out of pocket

Income$2,951Out of Pocket$275Mortgage P&I$1,97467%Property Taxes$1967%Insurance$1385%HOA$1505%Management$29510%CapEx$1485%Vacancy$1776%Maintenance$1485%

Investment Breakdown

|

Purchase Price

$395k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$82,929

Downpayment

20%

$78,980

Closing costs

1%

$3,949

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,951

Total Expenses

$3,226

Mortgage P&I

67%

$1,974

Property Taxes

7%

$196

Home Insurance

5%

$138

HOA

5%

$150

Property Management

10%

$295

CapEx

5%

$148

Vacancy

6%

$177

Maintenance

5%

$148

Other

0%

$0

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