REI Lense

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$3,350 (target)

2915 Lee Marie Dr, Adrian, MI 49221

3 beds • 3 baths • 2994 sqft

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This property looks like a bad Mid-Term investment with a projected -1.91% first-year return on $98,136 initial cash invested.

-1.91%

Cash On Cash

6.13%

Cap Rate

0.99

DSCR

$3,350

Rent

-$156

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,350 income − $3,506 expenses = $156 out of pocket

Income$3,350Out of Pocket$156Mortgage P&I$1,97259%Property Taxes$2608%Insurance$1364%Management$40212%CapEx$1344%Vacancy$1003%Maintenance$1344%Other$36811%

Investment Breakdown

|

Purchase Price

$382k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$98,136

Downpayment

20%

$76,320

Closing costs

1%

$3,816

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,350

Total Expenses

$3,506

Mortgage P&I

59%

$1,972

Property Taxes

8%

$260

Home Insurance

4%

$136

HOA

0%

$0

Property Management

12%

$402

CapEx

4%

$134

Vacancy

3%

$100

Maintenance

4%

$134

Other

11%

$368

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