REI Lense

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$2,740 (target)

12222 Carpenter Rd, Flushing, MI 48433

3 beds • 3 baths • 2686 sqft

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This property looks like a bad Mid-Term investment with a projected -9.76% first-year return on $110k initial cash invested.

-9.76%

Cash On Cash

3.93%

Cap Rate

0.65

DSCR

$2,740

Rent

-$896

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,740 income − $3,636 expenses = $896 out of pocket

Income$2,740Out of Pocket$896Mortgage P&I$2,22281%Property Taxes$32512%Insurance$1576%Management$32912%CapEx$1104%Vacancy$823%Maintenance$1104%Other$30111%

Investment Breakdown

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Purchase Price

$439k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$110k

Downpayment

20%

$87,740

Closing costs

1%

$4,387

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$2,740

Total Expenses

$3,636

Mortgage P&I

81%

$2,222

Property Taxes

12%

$325

Home Insurance

6%

$157

HOA

0%

$0

Property Management

12%

$329

CapEx

4%

$110

Vacancy

3%

$82

Maintenance

4%

$110

Other

11%

$301

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