REI Lense

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$2,069 (target)

2510 Schippell St, Holt, MI 48842

3 beds • 3 baths • 1560 sqft

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This property looks like a bad Long-Term investment with a projected -10.2% first-year return on $56,700 initial cash invested.

-10.2%

Cash On Cash

5%

Cap Rate

0.75

DSCR

$2,069

Rent

-$482

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,069 income − $2,551 expenses = $482 out of pocket

Income$2,069Out of Pocket$482Mortgage P&I$1,50473%Property Taxes$39819%Insurance$1125%Management$20710%CapEx$1035%Vacancy$1246%Maintenance$1035%

Investment Breakdown

|

Purchase Price

$270k

Downpayment

20.0%

Interest Rate

7.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$56,700

Downpayment

20%

$54,000

Closing costs

1%

$2,700

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,069

Total Expenses

$2,551

Mortgage P&I

73%

$1,504

Property Taxes

19%

$398

Home Insurance

5%

$112

HOA

0%

$0

Property Management

10%

$207

CapEx

5%

$103

Vacancy

6%

$124

Maintenance

5%

$103

Other

0%

$0

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