REI Lense

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$2,613 (target)

230 Creekview Dr, Battle Creek, MI 49037

3 beds • 2 baths • 1900 sqft

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This property looks like a bad Mid-Term investment with a projected -2.47% first-year return on $73,713 initial cash invested.

-2.47%

Cash On Cash

6.27%

Cap Rate

0.97

DSCR

$2,613

Rent

-$152

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,613 income − $2,765 expenses = $152 out of pocket

Income$2,613Out of Pocket$152Mortgage P&I$1,43455%Property Taxes$35414%Insurance$883%Management$31412%CapEx$1054%Vacancy$783%Maintenance$1054%Other$28711%

Investment Breakdown

|

Purchase Price

$265k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$73,713

Downpayment

20%

$53,060

Closing costs

1%

$2,653

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,613

Total Expenses

$2,765

Mortgage P&I

55%

$1,434

Property Taxes

14%

$354

Home Insurance

3%

$88

HOA

0%

$0

Property Management

12%

$314

CapEx

4%

$105

Vacancy

3%

$78

Maintenance

4%

$105

Other

11%

$287

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