REI Lense

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$1,882 (target)

2061 S Green Rd, Lake City, MI 49651

3 beds • 3 baths • 2516 sqft

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This property looks like a bad Long-Term investment with a projected -12.4% first-year return on $77,679 initial cash invested.

-12.4%

Cash On Cash

3.93%

Cap Rate

0.63

DSCR

$1,882

Rent

-$803

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,882 income − $2,685 expenses = $803 out of pocket

Income$1,882Out of Pocket$803Mortgage P&I$1,921102%Property Taxes$1458%Insurance$1307%Management$18810%CapEx$945%Vacancy$1136%Maintenance$945%

Investment Breakdown

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Purchase Price

$370k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$77,679

Downpayment

20%

$73,980

Closing costs

1%

$3,699

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,882

Total Expenses

$2,685

Mortgage P&I

102%

$1,921

Property Taxes

8%

$145

Home Insurance

7%

$130

HOA

0%

$0

Property Management

10%

$188

CapEx

5%

$94

Vacancy

6%

$113

Maintenance

5%

$94

Other

0%

$0

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