REI Lense

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$4,215 (target)

300 Barbara St, Cadillac, MI 49601

3 beds • 2 baths • 1580 sqft

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This property might be a fair Mid-Term investment with a projected 4.1% first-year return on $105k initial cash invested.

4.1%

Cash On Cash

7.44%

Cap Rate

1.26

DSCR

$4,215

Rent

$359

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,215 income − $3,856 expenses = $359 cash flow

Income$4,215Mortgage P&I$2,04549%Property Taxes$2326%Insurance$1453%Management$50612%CapEx$1694%Vacancy$1263%Maintenance$1694%Other$46411%Cash Flow$359

Investment Breakdown

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Purchase Price

$415k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$105k

Downpayment

20%

$83,000

Closing costs

1%

$4,150

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$4,215

Total Expenses

$3,856

Mortgage P&I

49%

$2,045

Property Taxes

6%

$232

Home Insurance

3%

$145

HOA

0%

$0

Property Management

12%

$506

CapEx

4%

$169

Vacancy

3%

$126

Maintenance

4%

$169

Other

11%

$464

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