REI Lense

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$2,922 (target)

2871 River Rd, Hastings, MI 49058

3 beds • 2 baths • 1572 sqft

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This property looks like a bad Mid-Term investment with a projected -0.03% first-year return on $83,478 initial cash invested.

-0.03%

Cash On Cash

6.5%

Cap Rate

1.07

DSCR

$2,922

Rent

-$2

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,922 income − $2,924 expenses = $2 out of pocket

Income$2,922Out of Pocket$2Mortgage P&I$1,57454%Property Taxes$2428%Insurance$1144%Management$35112%CapEx$1174%Vacancy$883%Maintenance$1174%Other$32111%

Investment Breakdown

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Purchase Price

$312k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$83,478

Downpayment

20%

$62,360

Closing costs

1%

$3,118

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,922

Total Expenses

$2,924

Mortgage P&I

54%

$1,574

Property Taxes

8%

$242

Home Insurance

4%

$114

HOA

0%

$0

Property Management

12%

$351

CapEx

4%

$117

Vacancy

3%

$88

Maintenance

4%

$117

Other

11%

$321

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