REI Lense

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$3,285 (target)

2327 Vandekarr Rd, Owosso, MI 48867

3 beds • 3 baths • 2450 sqft

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This property looks like a bad Mid-Term investment with a projected -5.35% first-year return on $110k initial cash invested.

-5.35%

Cash On Cash

5.14%

Cap Rate

0.84

DSCR

$3,285

Rent

-$489

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,285 income − $3,774 expenses = $489 out of pocket

Income$3,285Out of Pocket$489Mortgage P&I$2,23068%Property Taxes$2538%Insurance$1755%Management$39412%CapEx$1314%Vacancy$993%Maintenance$1314%Other$36111%

Investment Breakdown

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Purchase Price

$437k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$110k

Downpayment

20%

$87,400

Closing costs

1%

$4,370

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,285

Total Expenses

$3,774

Mortgage P&I

68%

$2,230

Property Taxes

8%

$253

Home Insurance

5%

$175

HOA

0%

$0

Property Management

12%

$394

CapEx

4%

$131

Vacancy

3%

$99

Maintenance

4%

$131

Other

11%

$361

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