REI Lense

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$1,297 (target)

175 W M 61, Gladwin, MI 48624

3 beds • 2 baths • 1568 sqft

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This property looks like a bad Long-Term investment with a projected -25.11% first-year return on $115k initial cash invested.

-25.11%

Cash On Cash

1%

Cap Rate

0.16

DSCR

$1,297

Rent

-$2,400

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,297 income − $3,697 expenses = $2,400 out of pocket

Income$1,297Out of Pocket$2,400Mortgage P&I$2,788215%Property Taxes$37029%Insurance$20115%Management$13010%CapEx$655%Vacancy$786%Maintenance$655%

Investment Breakdown

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Purchase Price

$546k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$115k

Downpayment

20%

$109k

Closing costs

1%

$5,461

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,297

Total Expenses

$3,697

Mortgage P&I

215%

$2,788

Property Taxes

29%

$370

Home Insurance

16%

$201

HOA

0%

$0

Property Management

10%

$130

CapEx

5%

$65

Vacancy

6%

$78

Maintenance

5%

$65

Other

0%

$0

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