REI Lense

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$1,948 (target)

2871 River Rd, Hastings, MI 49058

3 beds • 2 baths • 1572 sqft

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This property looks like a bad Long-Term investment with a projected -8.94% first-year return on $65,478 initial cash invested.

-8.94%

Cash On Cash

4.55%

Cap Rate

0.75

DSCR

$1,948

Rent

-$488

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,948 income − $2,436 expenses = $488 out of pocket

Income$1,948Out of Pocket$488Mortgage P&I$1,57481%Property Taxes$24212%Insurance$1146%Management$19510%CapEx$975%Vacancy$1176%Maintenance$975%

Investment Breakdown

|

Purchase Price

$312k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$65,478

Downpayment

20%

$62,360

Closing costs

1%

$3,118

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,948

Total Expenses

$2,436

Mortgage P&I

81%

$1,574

Property Taxes

12%

$242

Home Insurance

6%

$114

HOA

0%

$0

Property Management

10%

$195

CapEx

5%

$97

Vacancy

6%

$117

Maintenance

5%

$97

Other

0%

$0

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