REI Lense

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$3,519 (target)

2436 S Henderson Rd, Davison, MI 48423

3 beds • 2 baths • 3041 sqft

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This property looks like a bad Mid-Term investment with a projected -3.07% first-year return on $105k initial cash invested.

-3.07%

Cash On Cash

5.86%

Cap Rate

0.94

DSCR

$3,519

Rent

-$269

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,519 income − $3,788 expenses = $269 out of pocket

Income$3,519Out of Pocket$269Mortgage P&I$2,15661%Property Taxes$2908%Insurance$1454%Management$42212%CapEx$1414%Vacancy$1063%Maintenance$1414%Other$38711%

Investment Breakdown

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Purchase Price

$415k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$105k

Downpayment

20%

$83,000

Closing costs

1%

$4,150

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,519

Total Expenses

$3,788

Mortgage P&I

61%

$2,156

Property Taxes

8%

$290

Home Insurance

4%

$145

HOA

0%

$0

Property Management

12%

$422

CapEx

4%

$141

Vacancy

3%

$106

Maintenance

4%

$141

Other

11%

$387

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