REI Lense

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$2,861 (target)

2855 Farmers Creek Rd, Metamora, MI 48455

3 beds • 3 baths • 2058 sqft

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This property looks like a bad Long-Term investment with a projected -5.58% first-year return on $86,940 initial cash invested.

-5.58%

Cash On Cash

5.27%

Cap Rate

0.87

DSCR

$2,861

Rent

-$404

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,861 income − $3,265 expenses = $404 out of pocket

Income$2,861Out of Pocket$404Mortgage P&I$2,07873%Property Taxes$2449%Insurance$1495%HOA$502%Management$28610%CapEx$1435%Vacancy$1726%Maintenance$1435%

Investment Breakdown

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Purchase Price

$414k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$86,940

Downpayment

20%

$82,800

Closing costs

1%

$4,140

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,861

Total Expenses

$3,265

Mortgage P&I

73%

$2,078

Property Taxes

9%

$244

Home Insurance

5%

$149

HOA

2%

$50

Property Management

10%

$286

CapEx

5%

$143

Vacancy

6%

$172

Maintenance

5%

$143

Other

0%

$0

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