REI Lense

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$1,521 (target)

2328 S Horseshoe Trl, Grayling, MI 49738

3 beds • 2 baths • 1600 sqft

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This property looks like a bad Long-Term investment with a projected -2.57% first-year return on $41,979 initial cash invested.

-2.57%

Cash On Cash

6.4%

Cap Rate

0.99

DSCR

$1,521

Rent

-$90

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,521 income − $1,611 expenses = $90 out of pocket

Income$1,521Out of Pocket$90Mortgage P&I$1,08071%Property Taxes$664%Insurance$705%Management$15210%CapEx$765%Vacancy$916%Maintenance$765%

Investment Breakdown

|

Purchase Price

$200k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$41,979

Downpayment

20%

$39,980

Closing costs

1%

$1,999

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,521

Total Expenses

$1,611

Mortgage P&I

71%

$1,080

Property Taxes

4%

$66

Home Insurance

5%

$70

HOA

0%

$0

Property Management

10%

$152

CapEx

5%

$76

Vacancy

6%

$91

Maintenance

5%

$76

Other

0%

$0

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