REI Lense

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$2,624 (target)

15068 Millard Rd, Three Rivers, MI 49093

3 beds • 2 baths • 1696 sqft

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This property looks like a bad Mid-Term investment with a projected -11.77% first-year return on $106k initial cash invested.

-11.77%

Cash On Cash

3.49%

Cap Rate

0.57

DSCR

$2,624

Rent

-$1,040

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,624 income − $3,664 expenses = $1,040 out of pocket

Income$2,624Out of Pocket$1,040Mortgage P&I$2,15282%Property Taxes$51420%Insurance$1054%Management$31512%CapEx$1054%Vacancy$793%Maintenance$1054%Other$28911%

Investment Breakdown

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Purchase Price

$419k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$106k

Downpayment

20%

$83,800

Closing costs

1%

$4,190

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$2,624

Total Expenses

$3,664

Mortgage P&I

82%

$2,152

Property Taxes

20%

$514

Home Insurance

4%

$105

HOA

0%

$0

Property Management

12%

$315

CapEx

4%

$105

Vacancy

3%

$79

Maintenance

4%

$105

Other

11%

$289

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