REI Lense

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$2,642 (target)

2301 Wolf Creek Hwy, Adrian, MI 49221

3 beds • 3 baths • 2630 sqft

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This property looks like a bad Mid-Term investment with a projected -10.36% first-year return on $107k initial cash invested.

-10.36%

Cash On Cash

3.77%

Cap Rate

0.62

DSCR

$2,642

Rent

-$920

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,642 income − $3,562 expenses = $920 out of pocket

Income$2,642Out of Pocket$920Mortgage P&I$2,14081%Property Taxes$37314%Insurance$1506%Management$31712%CapEx$1064%Vacancy$793%Maintenance$1064%Other$29111%

Investment Breakdown

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Purchase Price

$422k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$107k

Downpayment

20%

$84,320

Closing costs

1%

$4,216

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$2,642

Total Expenses

$3,562

Mortgage P&I

81%

$2,140

Property Taxes

14%

$373

Home Insurance

6%

$150

HOA

0%

$0

Property Management

12%

$317

CapEx

4%

$106

Vacancy

3%

$79

Maintenance

4%

$106

Other

11%

$291

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