REI Lense

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$2,022 (target)

26450 S River Rd, Harrison Township, MI 48045

3 beds • 2 baths • 1146 sqft

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This property looks like a bad Long-Term investment with a projected -1.97% first-year return on $49,350 initial cash invested.

-1.97%

Cash On Cash

6.53%

Cap Rate

1.02

DSCR

$2,022

Rent

-$81

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,022 income − $2,103 expenses = $81 out of pocket

Income$2,022Out of Pocket$81Mortgage P&I$1,25862%Property Taxes$23812%Insurance$824%Management$20210%CapEx$1015%Vacancy$1216%Maintenance$1015%

Investment Breakdown

|

Purchase Price

$235k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$49,350

Downpayment

20%

$47,000

Closing costs

1%

$2,350

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,022

Total Expenses

$2,103

Mortgage P&I

62%

$1,258

Property Taxes

12%

$238

Home Insurance

4%

$82

HOA

0%

$0

Property Management

10%

$202

CapEx

5%

$101

Vacancy

6%

$121

Maintenance

5%

$101

Other

0%

$0

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