REI Lense

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$2,271 (target)

1991 Riley St, Hudsonville, MI 49426

3 beds • 2 baths • 2112 sqft

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This property looks like a bad Long-Term investment with a projected -11.63% first-year return on $94,479 initial cash invested.

-11.63%

Cash On Cash

3.83%

Cap Rate

0.64

DSCR

$2,271

Rent

-$916

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,271 income − $3,187 expenses = $916 out of pocket

Income$2,271Out of Pocket$916Mortgage P&I$2,23999%Property Taxes$1999%Insurance$1587%Management$22710%CapEx$1145%Vacancy$1366%Maintenance$1145%

Investment Breakdown

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Purchase Price

$450k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$94,479

Downpayment

20%

$89,980

Closing costs

1%

$4,499

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,271

Total Expenses

$3,187

Mortgage P&I

99%

$2,239

Property Taxes

9%

$199

Home Insurance

7%

$158

HOA

0%

$0

Property Management

10%

$227

CapEx

5%

$114

Vacancy

6%

$136

Maintenance

5%

$114

Other

0%

$0

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