REI Lense

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$3,176 (target)

1209 Napier Ave, Saint Joseph, MI 49085

3 beds • 2 baths • 1591 sqft

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This property looks like a bad Mid-Term investment with a projected -0.39% first-year return on $87,090 initial cash invested.

-0.39%

Cash On Cash

6.42%

Cap Rate

1.06

DSCR

$3,176

Rent

-$28

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,176 income − $3,204 expenses = $28 out of pocket

Income$3,176Out of Pocket$28Mortgage P&I$1,66252%Property Taxes$34811%Insurance$1154%Management$38112%CapEx$1274%Vacancy$953%Maintenance$1274%Other$34911%

Investment Breakdown

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Purchase Price

$329k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$87,090

Downpayment

20%

$65,800

Closing costs

1%

$3,290

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,176

Total Expenses

$3,204

Mortgage P&I

52%

$1,662

Property Taxes

11%

$348

Home Insurance

4%

$115

HOA

0%

$0

Property Management

12%

$381

CapEx

4%

$127

Vacancy

3%

$95

Maintenance

4%

$127

Other

11%

$349

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