REI Lense

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$1,596 (target)

1246 W Grand Blanc Rd, Grand Blanc, MI 48439

3 beds • 2 baths • 1064 sqft

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This property looks like a bad Long-Term investment with a projected -9.28% first-year return on $49,665 initial cash invested.

-9.28%

Cash On Cash

5.17%

Cap Rate

0.77

DSCR

$1,596

Rent

-$384

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,596 income − $1,980 expenses = $384 out of pocket

Income$1,596Out of Pocket$384Mortgage P&I$1,32383%Property Taxes$15710%Insurance$845%Management$16010%CapEx$805%Vacancy$966%Maintenance$805%

Investment Breakdown

|

Purchase Price

$237k

Downpayment

20.0%

Interest Rate

7.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$49,665

Downpayment

20%

$47,300

Closing costs

1%

$2,365

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,596

Total Expenses

$1,980

Mortgage P&I

83%

$1,323

Property Taxes

10%

$157

Home Insurance

5%

$84

HOA

0%

$0

Property Management

10%

$160

CapEx

5%

$80

Vacancy

6%

$96

Maintenance

5%

$80

Other

0%

$0

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