REI Lense

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$2,516 (target)

21421 Swafford Rd, Battle Creek, MI 49017

3 beds • 2 baths • 2756 sqft

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This property looks like a bad Mid-Term investment with a projected -9.15% first-year return on $97,800 initial cash invested.

-9.15%

Cash On Cash

3.9%

Cap Rate

0.66

DSCR

$2,516

Rent

-$746

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,516 income − $3,262 expenses = $746 out of pocket

Income$2,516Out of Pocket$746Mortgage P&I$1,87975%Property Taxes$39416%Insurance$1335%Management$30212%CapEx$1014%Vacancy$753%Maintenance$1014%Other$27711%

Investment Breakdown

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Purchase Price

$380k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$97,800

Downpayment

20%

$76,000

Closing costs

1%

$3,800

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,516

Total Expenses

$3,262

Mortgage P&I

75%

$1,879

Property Taxes

16%

$394

Home Insurance

5%

$133

HOA

0%

$0

Property Management

12%

$302

CapEx

4%

$101

Vacancy

3%

$75

Maintenance

4%

$101

Other

11%

$277

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