REI Lense

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$2,072 (target)

10017 M 115, Cadillac, MI 49601

3 beds • 2 baths • 1944 sqft

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This property looks like a bad Long-Term investment with a projected -0.4% first-year return on $53,970 initial cash invested.

-0.4%

Cash On Cash

6.64%

Cap Rate

1.06

DSCR

$2,072

Rent

-$18

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,072 income − $2,090 expenses = $18 out of pocket

Income$2,072Out of Pocket$18Mortgage P&I$1,33564%Property Taxes$1256%Insurance$914%Management$20710%CapEx$1045%Vacancy$1246%Maintenance$1045%

Investment Breakdown

|

Purchase Price

$257k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$53,970

Downpayment

20%

$51,400

Closing costs

1%

$2,570

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,072

Total Expenses

$2,090

Mortgage P&I

64%

$1,335

Property Taxes

6%

$125

Home Insurance

4%

$91

HOA

0%

$0

Property Management

10%

$207

CapEx

5%

$104

Vacancy

6%

$124

Maintenance

5%

$104

Other

0%

$0

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