REI Lense

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$2,648 (target)

10876 Lockwood Dr, Cadillac, MI 49601

3 beds • 2 baths • 1900 sqft

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This property looks like a bad Long-Term investment with a projected -7.11% first-year return on $90,279 initial cash invested.

-7.11%

Cash On Cash

4.81%

Cap Rate

0.81

DSCR

$2,648

Rent

-$535

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,648 income − $3,183 expenses = $535 out of pocket

Income$2,648Out of Pocket$535Mortgage P&I$2,12580%Property Taxes$2208%Insurance$1506%Management$26510%CapEx$1325%Vacancy$1596%Maintenance$1325%

Investment Breakdown

|

Purchase Price

$430k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$90,279

Downpayment

20%

$85,980

Closing costs

1%

$4,299

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,648

Total Expenses

$3,183

Mortgage P&I

80%

$2,125

Property Taxes

8%

$220

Home Insurance

6%

$150

HOA

0%

$0

Property Management

10%

$265

CapEx

5%

$132

Vacancy

6%

$159

Maintenance

5%

$132

Other

0%

$0

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