REI Lense

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$2,208 (target)

257 Thelma Dr, Battle Creek, MI 49014

3 beds • 2 baths • 1008 sqft

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This property looks like a bad Mid-Term investment with a projected -3.33% first-year return on $66,279 initial cash invested.

-3.33%

Cash On Cash

5.91%

Cap Rate

0.92

DSCR

$2,208

Rent

-$184

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,208 income − $2,392 expenses = $184 out of pocket

Income$2,208Out of Pocket$184Mortgage P&I$1,22956%Property Taxes$33315%Insurance$804%Management$26512%CapEx$884%Vacancy$663%Maintenance$884%Other$24311%

Investment Breakdown

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Purchase Price

$230k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$66,279

Downpayment

20%

$45,980

Closing costs

1%

$2,299

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,208

Total Expenses

$2,392

Mortgage P&I

56%

$1,229

Property Taxes

15%

$333

Home Insurance

4%

$80

HOA

0%

$0

Property Management

12%

$265

CapEx

4%

$88

Vacancy

3%

$66

Maintenance

4%

$88

Other

11%

$243

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