REI Lense

REI Lense

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$1,750 (target)

1106 Brooks Rd, Hastings, MI 49058

3 beds • 2 baths • 1426 sqft

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This property looks like a bad Long-Term investment with a projected -17.37% first-year return on $71,148 initial cash invested.

-17.37%

Cash On Cash

3.32%

Cap Rate

0.5

DSCR

$1,750

Rent

-$1,030

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,750 income − $2,780 expenses = $1,030 out of pocket

Income$1,750Out of Pocket$1,030Mortgage P&I$1,878107%Property Taxes$32419%Insurance$1227%Management$17510%CapEx$885%Vacancy$1056%Maintenance$885%

Investment Breakdown

|

Purchase Price

$339k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$71,148

Downpayment

20%

$67,760

Closing costs

1%

$3,388

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,750

Total Expenses

$2,780

Mortgage P&I

107%

$1,878

Property Taxes

19%

$324

Home Insurance

7%

$122

HOA

0%

$0

Property Management

10%

$175

CapEx

5%

$88

Vacancy

6%

$105

Maintenance

5%

$88

Other

0%

$0

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