REI Lense

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$2,123 (target)

1621 Preservation Ln, Saint Clair, MI 48079

3 beds • 3 baths • 1753 sqft

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This property looks like a bad Long-Term investment with a projected -19.41% first-year return on $120k initial cash invested.

-19.41%

Cash On Cash

2.09%

Cap Rate

0.35

DSCR

$2,123

Rent

-$1,934

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,123 income − $4,057 expenses = $1,934 out of pocket

Income$2,123Out of Pocket$1,934Mortgage P&I$2,819133%Property Taxes$45421%Insurance$23311%Management$21210%CapEx$1065%Vacancy$1276%Maintenance$1065%

Investment Breakdown

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Purchase Price

$569k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$120k

Downpayment

20%

$114k

Closing costs

1%

$5,693

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,123

Total Expenses

$4,057

Mortgage P&I

133%

$2,819

Property Taxes

21%

$454

Home Insurance

11%

$233

HOA

0%

$0

Property Management

10%

$212

CapEx

5%

$106

Vacancy

6%

$127

Maintenance

5%

$106

Other

0%

$0

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