REI Lense

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$1,963 (target)

2615 College Rd, Holt, MI 48842

3 beds • 2 baths • 1268 sqft

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This property looks like a bad Long-Term investment with a projected -5.77% first-year return on $54,033 initial cash invested.

-5.77%

Cash On Cash

5.86%

Cap Rate

0.89

DSCR

$1,963

Rent

-$260

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,963 income − $2,223 expenses = $260 out of pocket

Income$1,963Out of Pocket$260Mortgage P&I$1,41872%Property Taxes$20410%Insurance$915%Management$19610%CapEx$985%Vacancy$1186%Maintenance$985%

Investment Breakdown

|

Purchase Price

$257k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$54,033

Downpayment

20%

$51,460

Closing costs

1%

$2,573

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,963

Total Expenses

$2,223

Mortgage P&I

72%

$1,418

Property Taxes

10%

$204

Home Insurance

5%

$91

HOA

0%

$0

Property Management

10%

$196

CapEx

5%

$98

Vacancy

6%

$118

Maintenance

5%

$98

Other

0%

$0

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