REI Lense

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$1,472 (target)

257 Thelma Dr, Battle Creek, MI 49014

3 beds • 2 baths • 1008 sqft

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This property looks like a bad Long-Term investment with a projected -13.75% first-year return on $48,279 initial cash invested.

-13.75%

Cash On Cash

3.91%

Cap Rate

0.61

DSCR

$1,472

Rent

-$553

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,472 income − $2,025 expenses = $553 out of pocket

Income$1,472Out of Pocket$553Mortgage P&I$1,22983%Property Taxes$33323%Insurance$805%Management$14710%CapEx$745%Vacancy$886%Maintenance$745%

Investment Breakdown

|

Purchase Price

$230k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$48,279

Downpayment

20%

$45,980

Closing costs

1%

$2,299

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,472

Total Expenses

$2,025

Mortgage P&I

83%

$1,229

Property Taxes

23%

$333

Home Insurance

5%

$80

HOA

0%

$0

Property Management

10%

$147

CapEx

5%

$74

Vacancy

6%

$88

Maintenance

5%

$74

Other

0%

$0

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