REI Lense

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$1,940 (target)

11025 Miller Rd, Swartz Creek, MI 48473

3 beds • 2 baths • 1676 sqft

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This property looks like a bad Mid-Term investment with a projected -9.84% first-year return on $71,949 initial cash invested.

-9.84%

Cash On Cash

4.26%

Cap Rate

0.64

DSCR

$1,940

Rent

-$590

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,940 income − $2,530 expenses = $590 out of pocket

Income$1,940Out of Pocket$590Mortgage P&I$1,42473%Property Taxes$35518%Insurance$915%Management$23312%CapEx$784%Vacancy$583%Maintenance$784%Other$21311%

Investment Breakdown

|

Purchase Price

$257k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$71,949

Downpayment

20%

$51,380

Closing costs

1%

$2,569

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$1,940

Total Expenses

$2,530

Mortgage P&I

73%

$1,424

Property Taxes

18%

$355

Home Insurance

5%

$91

HOA

0%

$0

Property Management

12%

$233

CapEx

4%

$78

Vacancy

3%

$58

Maintenance

4%

$78

Other

11%

$213

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