REI Lense

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$2,047 (target)

1082 Louis Dr, Benton Harbor, MI 49022

3 beds • 2 baths • 1814 sqft

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This property looks like a bad Long-Term investment with a projected -0.62% first-year return on $46,662 initial cash invested.

-0.62%

Cash On Cash

6.85%

Cap Rate

1.07

DSCR

$2,047

Rent

-$24

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,047 income − $2,071 expenses = $24 out of pocket

Income$2,047Out of Pocket$24Mortgage P&I$1,19058%Property Taxes$26913%Insurance$804%Management$20510%CapEx$1025%Vacancy$1236%Maintenance$1025%

Investment Breakdown

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Purchase Price

$222k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$46,662

Downpayment

20%

$44,440

Closing costs

1%

$2,222

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,047

Total Expenses

$2,071

Mortgage P&I

58%

$1,190

Property Taxes

13%

$269

Home Insurance

4%

$80

HOA

0%

$0

Property Management

10%

$205

CapEx

5%

$102

Vacancy

6%

$123

Maintenance

5%

$102

Other

0%

$0

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