REI Lense

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$4,050 (target)

1325 S Broadway St, Hastings, MI 49058

3 beds • 3 baths • 2132 sqft

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This property might be a fair Mid-Term investment with a projected 4.03% first-year return on $91,479 initial cash invested.

4.03%

Cash On Cash

8.01%

Cap Rate

1.25

DSCR

$4,050

Rent

$307

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,050 income − $3,743 expenses = $307 cash flow

Income$4,050Mortgage P&I$1,86646%Property Taxes$3779%Insurance$1223%Management$48612%CapEx$1624%Vacancy$1223%Maintenance$1624%Other$44611%Cash Flow$307

Investment Breakdown

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Purchase Price

$350k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$91,479

Downpayment

20%

$69,980

Closing costs

1%

$3,499

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$4,050

Total Expenses

$3,743

Mortgage P&I

46%

$1,866

Property Taxes

9%

$377

Home Insurance

3%

$122

HOA

0%

$0

Property Management

12%

$486

CapEx

4%

$162

Vacancy

3%

$122

Maintenance

4%

$162

Other

11%

$446

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