REI Lense

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$2,447 (target)

1719 Southgate Ct, Adrian, MI 49221

3 beds • 3 baths • 2042 sqft

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This property looks like a bad Long-Term investment with a projected -2.95% first-year return on $67,095 initial cash invested.

-2.95%

Cash On Cash

5.92%

Cap Rate

0.97

DSCR

$2,447

Rent

-$165

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,447 income − $2,612 expenses = $165 out of pocket

Income$2,447Out of Pocket$165Mortgage P&I$1,61966%Property Taxes$24310%Insurance$1145%Management$24510%CapEx$1225%Vacancy$1476%Maintenance$1225%

Investment Breakdown

|

Purchase Price

$320k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$67,095

Downpayment

20%

$63,900

Closing costs

1%

$3,195

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,447

Total Expenses

$2,612

Mortgage P&I

66%

$1,619

Property Taxes

10%

$243

Home Insurance

5%

$114

HOA

0%

$0

Property Management

10%

$245

CapEx

5%

$122

Vacancy

6%

$147

Maintenance

5%

$122

Other

0%

$0

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