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$2,625 (target)

1106 Brooks Rd, Hastings, MI 49058

3 beds • 2 baths • 1426 sqft

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This property looks like a bad Mid-Term investment with a projected -7.97% first-year return on $89,148 initial cash invested.

-7.97%

Cash On Cash

4.93%

Cap Rate

0.74

DSCR

$2,625

Rent

-$592

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,625 income − $3,217 expenses = $592 out of pocket

Income$2,625Out of Pocket$592Mortgage P&I$1,87872%Property Taxes$32412%Insurance$1225%Management$31512%CapEx$1054%Vacancy$793%Maintenance$1054%Other$28911%

Investment Breakdown

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Purchase Price

$339k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$89,148

Downpayment

20%

$67,760

Closing costs

1%

$3,388

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,625

Total Expenses

$3,217

Mortgage P&I

72%

$1,878

Property Taxes

12%

$324

Home Insurance

5%

$122

HOA

0%

$0

Property Management

12%

$315

CapEx

4%

$105

Vacancy

3%

$79

Maintenance

4%

$105

Other

11%

$289

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