REI Lense

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$4,056 (target)

137 E Meldrum Cir, Saint Clair, MI 48079

3 beds • 3 baths • 2220 sqft

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This property looks like a bad Mid-Term investment with a projected -2.12% first-year return on $109k initial cash invested.

-2.12%

Cash On Cash

6.04%

Cap Rate

0.99

DSCR

$4,056

Rent

-$192

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,056 income − $4,248 expenses = $192 out of pocket

Income$4,056Out of Pocket$192Mortgage P&I$2,20754%Property Taxes$50813%Insurance$1544%Management$48712%CapEx$1624%Vacancy$1223%Maintenance$1624%Other$44611%

Investment Breakdown

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Purchase Price

$432k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$109k

Downpayment

20%

$86,480

Closing costs

1%

$4,324

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$4,056

Total Expenses

$4,248

Mortgage P&I

54%

$2,207

Property Taxes

13%

$508

Home Insurance

4%

$154

HOA

0%

$0

Property Management

12%

$487

CapEx

4%

$162

Vacancy

3%

$122

Maintenance

4%

$162

Other

11%

$446

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