REI Lense

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$3,100 (target)

1874 Fox Prairie Rd, Saint Joseph, MI 49085

3 beds • 3 baths • 1956 sqft

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This property looks like a bad Long-Term investment with a projected -16.46% first-year return on $127k initial cash invested.

-16.46%

Cash On Cash

3.32%

Cap Rate

0.51

DSCR

$3,100

Rent

-$1,743

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,100 income − $4,843 expenses = $1,743 out of pocket

Income$3,100Out of Pocket$1,743Mortgage P&I$3,260105%Property Taxes$55818%Insurance$2197%Management$31010%CapEx$1555%Vacancy$1866%Maintenance$1555%

Investment Breakdown

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Purchase Price

$605k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$127k

Downpayment

20%

$121k

Closing costs

1%

$6,050

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,100

Total Expenses

$4,843

Mortgage P&I

105%

$3,260

Property Taxes

18%

$558

Home Insurance

7%

$219

HOA

0%

$0

Property Management

10%

$310

CapEx

5%

$155

Vacancy

6%

$186

Maintenance

5%

$155

Other

0%

$0

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