REI Lense

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$2,880 (target)

1880 Cherry Creek Trl, Grayling, MI 49738

3 beds • 2 baths • 1852 sqft

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This property looks like a bad Mid-Term investment with a projected -0.57% first-year return on $94,146 initial cash invested.

-0.57%

Cash On Cash

6.17%

Cap Rate

1.04

DSCR

$2,880

Rent

-$45

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,880 income − $2,925 expenses = $45 out of pocket

Income$2,880Out of Pocket$45Mortgage P&I$1,79362%Property Taxes$191%Insurance$1345%Management$34612%CapEx$1154%Vacancy$863%Maintenance$1154%Other$31711%

Investment Breakdown

|

Purchase Price

$363k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$94,146

Downpayment

20%

$72,520

Closing costs

1%

$3,626

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,880

Total Expenses

$2,925

Mortgage P&I

62%

$1,793

Property Taxes

1%

$19

Home Insurance

5%

$134

HOA

0%

$0

Property Management

12%

$346

CapEx

4%

$115

Vacancy

3%

$86

Maintenance

4%

$115

Other

11%

$317

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