REI Lense

REI Lense

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$1,742 (target)

230 Creekview Dr, Battle Creek, MI 49037

3 beds • 2 baths • 1900 sqft

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This property looks like a bad Long-Term investment with a projected -12.64% first-year return on $55,713 initial cash invested.

-12.64%

Cash On Cash

4.22%

Cap Rate

0.65

DSCR

$1,742

Rent

-$587

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,742 income − $2,329 expenses = $587 out of pocket

Income$1,742Out of Pocket$587Mortgage P&I$1,43482%Property Taxes$35420%Insurance$885%Management$17410%CapEx$875%Vacancy$1056%Maintenance$875%

Investment Breakdown

|

Purchase Price

$265k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$55,713

Downpayment

20%

$53,060

Closing costs

1%

$2,653

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,742

Total Expenses

$2,329

Mortgage P&I

82%

$1,434

Property Taxes

20%

$354

Home Insurance

5%

$88

HOA

0%

$0

Property Management

10%

$174

CapEx

5%

$87

Vacancy

6%

$105

Maintenance

5%

$87

Other

0%

$0

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