REI Lense

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$1,856 (target)

2760 Sharp Rd, Adrian, MI 49221

3 beds • 2 baths • 3400 sqft

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This property looks like a bad Long-Term investment with a projected -11.94% first-year return on $75,579 initial cash invested.

-11.94%

Cash On Cash

3.93%

Cap Rate

0.64

DSCR

$1,856

Rent

-$752

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,856 income − $2,608 expenses = $752 out of pocket

Income$1,856Out of Pocket$752Mortgage P&I$1,83799%Property Taxes$1629%Insurance$1267%Management$18610%CapEx$935%Vacancy$1116%Maintenance$935%

Investment Breakdown

|

Purchase Price

$360k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$75,579

Downpayment

20%

$71,980

Closing costs

1%

$3,599

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,856

Total Expenses

$2,608

Mortgage P&I

99%

$1,837

Property Taxes

9%

$162

Home Insurance

7%

$126

HOA

0%

$0

Property Management

10%

$186

CapEx

5%

$93

Vacancy

6%

$111

Maintenance

5%

$93

Other

0%

$0

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