REI Lense

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$2,463 (target)

1285 S Cummings Rd, Davison, MI 48423

3 beds • 2 baths • 2260 sqft

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This property looks like a bad Long-Term investment with a projected -4.7% first-year return on $71,694 initial cash invested.

-4.7%

Cash On Cash

5.43%

Cap Rate

0.91

DSCR

$2,463

Rent

-$281

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,463 income − $2,744 expenses = $281 out of pocket

Income$2,463Out of Pocket$281Mortgage P&I$1,70269%Property Taxes$28011%Insurance$1225%Management$24610%CapEx$1235%Vacancy$1486%Maintenance$1235%

Investment Breakdown

|

Purchase Price

$341k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$71,694

Downpayment

20%

$68,280

Closing costs

1%

$3,414

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,463

Total Expenses

$2,744

Mortgage P&I

69%

$1,702

Property Taxes

11%

$280

Home Insurance

5%

$122

HOA

0%

$0

Property Management

10%

$246

CapEx

5%

$123

Vacancy

6%

$148

Maintenance

5%

$123

Other

0%

$0

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