REI Lense

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$3,402 (target)

2202 Eleven Mile Rd NE, Rockford, MI 49341

3 beds • 2 baths • 1624 sqft

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This property looks like a bad Mid-Term investment with a projected -7.72% first-year return on $112k initial cash invested.

-7.72%

Cash On Cash

5.08%

Cap Rate

0.76

DSCR

$3,402

Rent

-$724

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,402 income − $4,126 expenses = $724 out of pocket

Income$3,402Out of Pocket$724Mortgage P&I$2,49373%Property Taxes$3199%Insurance$1585%Management$40812%CapEx$1364%Vacancy$1023%Maintenance$1364%Other$37411%

Investment Breakdown

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Purchase Price

$450k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$112k

Downpayment

20%

$89,980

Closing costs

1%

$4,499

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,402

Total Expenses

$4,126

Mortgage P&I

73%

$2,493

Property Taxes

9%

$319

Home Insurance

5%

$158

HOA

0%

$0

Property Management

12%

$408

CapEx

4%

$136

Vacancy

3%

$102

Maintenance

4%

$136

Other

11%

$374

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