REI Lense

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$2,193 (target)

26250 S River Rd, Harrison Township, MI 48045

3 beds • 2 baths • 1596 sqft

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This property looks like a bad Long-Term investment with a projected -6.6% first-year return on $68,229 initial cash invested.

-6.6%

Cash On Cash

4.95%

Cap Rate

0.83

DSCR

$2,193

Rent

-$375

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,193 income − $2,568 expenses = $375 out of pocket

Income$2,193Out of Pocket$375Mortgage P&I$1,60673%Property Taxes$27713%Insurance$1145%Management$21910%CapEx$1105%Vacancy$1326%Maintenance$1105%

Investment Breakdown

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Purchase Price

$325k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$68,229

Downpayment

20%

$64,980

Closing costs

1%

$3,249

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,193

Total Expenses

$2,568

Mortgage P&I

73%

$1,606

Property Taxes

13%

$277

Home Insurance

5%

$114

HOA

0%

$0

Property Management

10%

$219

CapEx

5%

$110

Vacancy

6%

$132

Maintenance

5%

$110

Other

0%

$0

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