REI Lense

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$2,566 (target)

2985 W Kirby Rd, Battle Creek, MI 49017

3 beds • 3 baths • 1633 sqft

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This property looks like a bad Long-Term investment with a projected -4.55% first-year return on $69,636 initial cash invested.

-4.55%

Cash On Cash

5.48%

Cap Rate

0.92

DSCR

$2,566

Rent

-$264

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,566 income − $2,830 expenses = $264 out of pocket

Income$2,566Out of Pocket$264Mortgage P&I$1,64964%Property Taxes$39415%Insurance$1205%Management$25710%CapEx$1285%Vacancy$1546%Maintenance$1285%

Investment Breakdown

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Purchase Price

$332k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$69,636

Downpayment

20%

$66,320

Closing costs

1%

$3,316

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,566

Total Expenses

$2,830

Mortgage P&I

64%

$1,649

Property Taxes

15%

$394

Home Insurance

5%

$120

HOA

0%

$0

Property Management

10%

$257

CapEx

5%

$128

Vacancy

6%

$154

Maintenance

5%

$128

Other

0%

$0

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