REI Lense

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$2,870 (target)

16 Christian Rd, Battle Creek, MI 49014

3 beds • 2 baths • 2686 sqft

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This property looks like a bad Mid-Term investment with a projected -4.56% first-year return on $92,676 initial cash invested.

-4.56%

Cash On Cash

5.13%

Cap Rate

0.87

DSCR

$2,870

Rent

-$352

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,870 income − $3,222 expenses = $352 out of pocket

Income$2,870Out of Pocket$352Mortgage P&I$1,75861%Property Taxes$35812%Insurance$1305%Management$34412%CapEx$1154%Vacancy$863%Maintenance$1154%Other$31611%

Investment Breakdown

|

Purchase Price

$356k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$92,676

Downpayment

20%

$71,120

Closing costs

1%

$3,556

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,870

Total Expenses

$3,222

Mortgage P&I

61%

$1,758

Property Taxes

12%

$358

Home Insurance

5%

$130

HOA

0%

$0

Property Management

12%

$344

CapEx

4%

$115

Vacancy

3%

$86

Maintenance

4%

$115

Other

11%

$316

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