REI Lense

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$2,974 (target)

11358 Amber Ct, Freeland, MI 48623

3 beds • 2 baths • 1668 sqft

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This property looks like a bad Mid-Term investment with a projected -1.49% first-year return on $85,410 initial cash invested.

-1.49%

Cash On Cash

6.11%

Cap Rate

1.01

DSCR

$2,974

Rent

-$106

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,974 income − $3,080 expenses = $106 out of pocket

Income$2,974Out of Pocket$106Mortgage P&I$1,62255%Property Taxes$33311%Insurance$1144%Management$35712%CapEx$1194%Vacancy$893%Maintenance$1194%Other$32711%

Investment Breakdown

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Purchase Price

$321k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$85,410

Downpayment

20%

$64,200

Closing costs

1%

$3,210

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,974

Total Expenses

$3,080

Mortgage P&I

55%

$1,622

Property Taxes

11%

$333

Home Insurance

4%

$114

HOA

0%

$0

Property Management

12%

$357

CapEx

4%

$119

Vacancy

3%

$89

Maintenance

4%

$119

Other

11%

$327

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