REI Lense

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$2,059 (target)

3080 Jackson Blvd, Highland, MI 48356

3 beds • 2 baths • 1950 sqft

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This property looks like a bad Long-Term investment with a projected -22.03% first-year return on $136k initial cash invested.

-22.03%

Cash On Cash

1.66%

Cap Rate

0.27

DSCR

$2,059

Rent

-$2,505

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,059 income − $4,564 expenses = $2,505 out of pocket

Income$2,059Out of Pocket$2,505Mortgage P&I$3,300160%Property Taxes$50024%Insurance$22811%Management$20610%CapEx$1035%Vacancy$1246%Maintenance$1035%

Investment Breakdown

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Purchase Price

$650k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$136k

Downpayment

20%

$130k

Closing costs

1%

$6,499

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,059

Total Expenses

$4,564

Mortgage P&I

160%

$3,300

Property Taxes

24%

$500

Home Insurance

11%

$228

HOA

0%

$0

Property Management

10%

$206

CapEx

5%

$103

Vacancy

6%

$124

Maintenance

5%

$103

Other

0%

$0

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