REI Lense

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$3,148 (target)

1201 Riverside Dr, Owosso, MI 48867

3 beds • 3 baths • 2168 sqft

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This property looks like a bad Mid-Term investment with a projected -8.95% first-year return on $100k initial cash invested.

-8.95%

Cash On Cash

4.8%

Cap Rate

0.72

DSCR

$3,148

Rent

-$748

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,148 income − $3,896 expenses = $748 out of pocket

Income$3,148Out of Pocket$748Mortgage P&I$2,19070%Property Taxes$49616%Insurance$1404%Management$37812%CapEx$1264%Vacancy$943%Maintenance$1264%Other$34611%

Investment Breakdown

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Purchase Price

$392k

Downpayment

20.0%

Interest Rate

7.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$100k

Downpayment

20%

$78,360

Closing costs

1%

$3,918

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,148

Total Expenses

$3,896

Mortgage P&I

70%

$2,190

Property Taxes

16%

$496

Home Insurance

4%

$140

HOA

0%

$0

Property Management

12%

$378

CapEx

4%

$126

Vacancy

3%

$94

Maintenance

4%

$126

Other

11%

$346

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