REI Lense

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$2,391 (target)

1049 Radov Dr, Gladwin, MI 48624

3 beds • 2 baths • 1350 sqft

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This property might be a fair Mid-Term investment with a projected 9.56% first-year return on $47,715 initial cash invested.

9.56%

Cash On Cash

10.75%

Cap Rate

1.6

DSCR

$2,391

Rent

$380

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,391 income − $2,011 expenses = $380 cash flow

Income$2,391Mortgage P&I$79233%Property Taxes$31713%Insurance$884%Management$28712%CapEx$964%Vacancy$723%Maintenance$964%Other$26311%Cash Flow$380

Investment Breakdown

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Purchase Price

$142k

Downpayment

20.0%

Interest Rate

7.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$47,715

Downpayment

20%

$28,300

Closing costs

1%

$1,415

Rehab

0%

$0

Furnishing

13%

$18,000

Cashflow

Total Income

$2,391

Total Expenses

$2,011

Mortgage P&I

33%

$792

Property Taxes

13%

$317

Home Insurance

4%

$88

HOA

0%

$0

Property Management

12%

$287

CapEx

4%

$96

Vacancy

3%

$72

Maintenance

4%

$96

Other

11%

$263

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