REI Lense

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$2,784 (target)

2760 Sharp Rd, Adrian, MI 49221

3 beds • 2 baths • 3400 sqft

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This property looks like a bad Mid-Term investment with a projected -3.68% first-year return on $93,579 initial cash invested.

-3.68%

Cash On Cash

5.54%

Cap Rate

0.9

DSCR

$2,784

Rent

-$287

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,784 income − $3,071 expenses = $287 out of pocket

Income$2,784Out of Pocket$287Mortgage P&I$1,83766%Property Taxes$1626%Insurance$1265%Management$33412%CapEx$1114%Vacancy$843%Maintenance$1114%Other$30611%

Investment Breakdown

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Purchase Price

$360k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$93,579

Downpayment

20%

$71,980

Closing costs

1%

$3,599

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,784

Total Expenses

$3,071

Mortgage P&I

66%

$1,837

Property Taxes

6%

$162

Home Insurance

5%

$126

HOA

0%

$0

Property Management

12%

$334

CapEx

4%

$111

Vacancy

3%

$84

Maintenance

4%

$111

Other

11%

$306

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