REI Lense

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$3,417 (target)

163 Nicole Dr, Brooklyn, MI 49230

3 beds • 3 baths • 1566 sqft

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This property might be a fair Mid-Term investment with a projected 0.78% first-year return on $92,151 initial cash invested.

0.78%

Cash On Cash

6.65%

Cap Rate

1.11

DSCR

$3,417

Rent

$60

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,417 income − $3,357 expenses = $60 cash flow

Income$3,417Mortgage P&I$1,76052%Property Taxes$2989%Insurance$1284%HOA$8Management$41012%CapEx$1374%Vacancy$1033%Maintenance$1374%Other$37611%Cash Flow$60

Investment Breakdown

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Purchase Price

$353k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$92,151

Downpayment

20%

$70,620

Closing costs

1%

$3,531

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,417

Total Expenses

$3,357

Mortgage P&I

52%

$1,760

Property Taxes

9%

$298

Home Insurance

4%

$128

HOA

0%

$8

Property Management

12%

$410

CapEx

4%

$137

Vacancy

3%

$103

Maintenance

4%

$137

Other

11%

$376

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