REI Lense

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$3,120 (target)

2129 Heights Dr, Brooklyn, MI 49230

3 beds • 2 baths • 2526 sqft

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This property might be a fair Mid-Term investment with a projected 5.48% first-year return on $76,800 initial cash invested.

5.48%

Cash On Cash

8.15%

Cap Rate

1.33

DSCR

$3,120

Rent

$351

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,120 income − $2,769 expenses = $351 cash flow

Income$3,120Mortgage P&I$1,42646%Property Taxes$1846%Insurance$983%Management$37412%CapEx$1254%Vacancy$943%Maintenance$1254%Other$34311%Cash Flow$351

Investment Breakdown

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Purchase Price

$280k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$76,800

Downpayment

20%

$56,000

Closing costs

1%

$2,800

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,120

Total Expenses

$2,769

Mortgage P&I

46%

$1,426

Property Taxes

6%

$184

Home Insurance

3%

$98

HOA

0%

$0

Property Management

12%

$374

CapEx

4%

$125

Vacancy

3%

$94

Maintenance

4%

$125

Other

11%

$343

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