REI Lense

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$2,088 (target)

1510 Helen St, Bay City, MI 48708

3 beds • 2 baths • 2819 sqft

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This property looks like a bad Mid-Term investment with a projected -6.49% first-year return on $77,787 initial cash invested.

-6.49%

Cash On Cash

4.53%

Cap Rate

0.76

DSCR

$2,088

Rent

-$421

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,088 income − $2,509 expenses = $421 out of pocket

Income$2,088Out of Pocket$421Mortgage P&I$1,41168%Property Taxes$28414%Insurance$1025%Management$25112%CapEx$844%Vacancy$633%Maintenance$844%Other$23011%

Investment Breakdown

|

Purchase Price

$285k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$77,787

Downpayment

20%

$56,940

Closing costs

1%

$2,847

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,088

Total Expenses

$2,509

Mortgage P&I

68%

$1,411

Property Taxes

14%

$284

Home Insurance

5%

$102

HOA

0%

$0

Property Management

12%

$251

CapEx

4%

$84

Vacancy

3%

$63

Maintenance

4%

$84

Other

11%

$230

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