REI Lense

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$1,667 (target)

2003 Carman Dr, Saginaw, MI 48602

3 beds • 3 baths • 1738 sqft

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This property looks like a bad Long-Term investment with a projected -7.3% first-year return on $44,520 initial cash invested.

-7.3%

Cash On Cash

5.42%

Cap Rate

0.84

DSCR

$1,667

Rent

-$271

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,667 income − $1,938 expenses = $271 out of pocket

Income$1,667Out of Pocket$271Mortgage P&I$1,14569%Property Taxes$28617%Insurance$744%Management$16710%CapEx$835%Vacancy$1006%Maintenance$835%

Investment Breakdown

|

Purchase Price

$212k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$44,520

Downpayment

20%

$42,400

Closing costs

1%

$2,120

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,667

Total Expenses

$1,938

Mortgage P&I

69%

$1,145

Property Taxes

17%

$286

Home Insurance

4%

$74

HOA

0%

$0

Property Management

10%

$167

CapEx

5%

$83

Vacancy

6%

$100

Maintenance

5%

$83

Other

0%

$0

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