REI Lense

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$2,898 (target)

295 Ridgeway Dr, Brooklyn, MI 49230

3 beds • 2 baths • 1848 sqft

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This property looks like a bad Mid-Term investment with a projected -3.26% first-year return on $88,350 initial cash invested.

-3.26%

Cash On Cash

5.49%

Cap Rate

0.93

DSCR

$2,898

Rent

-$240

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,898 income − $3,138 expenses = $240 out of pocket

Income$2,898Out of Pocket$240Mortgage P&I$1,65657%Property Taxes$37713%Insurance$1174%HOA$2Management$34812%CapEx$1164%Vacancy$873%Maintenance$1164%Other$31911%

Investment Breakdown

|

Purchase Price

$335k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$88,350

Downpayment

20%

$67,000

Closing costs

1%

$3,350

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,898

Total Expenses

$3,138

Mortgage P&I

57%

$1,656

Property Taxes

13%

$377

Home Insurance

4%

$117

HOA

0%

$2

Property Management

12%

$348

CapEx

4%

$116

Vacancy

3%

$87

Maintenance

4%

$116

Other

11%

$319

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