REI Lense

REI Lense

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$2,700 (target)

1325 S Broadway St, Hastings, MI 49058

3 beds • 3 baths • 2132 sqft

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This property looks like a bad Long-Term investment with a projected -5.99% first-year return on $73,479 initial cash invested.

-5.99%

Cash On Cash

5.6%

Cap Rate

0.88

DSCR

$2,700

Rent

-$367

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,700 income − $3,067 expenses = $367 out of pocket

Income$2,700Out of Pocket$367Mortgage P&I$1,86669%Property Taxes$37714%Insurance$1225%Management$27010%CapEx$1355%Vacancy$1626%Maintenance$1355%

Investment Breakdown

|

Purchase Price

$350k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$73,479

Downpayment

20%

$69,980

Closing costs

1%

$3,499

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,700

Total Expenses

$3,067

Mortgage P&I

69%

$1,866

Property Taxes

14%

$377

Home Insurance

5%

$122

HOA

0%

$0

Property Management

10%

$270

CapEx

5%

$135

Vacancy

6%

$162

Maintenance

5%

$135

Other

0%

$0

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