REI Lense

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$3,414 (target)

1092 Grove Rd, Ypsilanti, MI 48198

3 beds • 2 baths • 1625 sqft

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This property looks like a bad Mid-Term investment with a projected -9.48% first-year return on $113k initial cash invested.

-9.48%

Cash On Cash

4.38%

Cap Rate

0.69

DSCR

$3,414

Rent

-$889

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,414 income − $4,303 expenses = $889 out of pocket

Income$3,414Out of Pocket$889Mortgage P&I$2,39570%Property Taxes$58817%Insurance$1585%Management$41012%CapEx$1374%Vacancy$1023%Maintenance$1374%Other$37611%

Investment Breakdown

|

Purchase Price

$450k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$113k

Downpayment

20%

$90,000

Closing costs

1%

$4,500

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,414

Total Expenses

$4,303

Mortgage P&I

70%

$2,395

Property Taxes

17%

$588

Home Insurance

5%

$158

HOA

0%

$0

Property Management

12%

$410

CapEx

4%

$137

Vacancy

3%

$102

Maintenance

4%

$137

Other

11%

$376

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