REI Lense

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$1,564 (target)

30935 Sheridan St, Garden City, MI 48135

3 beds • 2 baths • 1500 sqft

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This property looks like a bad Long-Term investment with a projected -3% first-year return on $38,829 initial cash invested.

-3%

Cash On Cash

6.33%

Cap Rate

0.98

DSCR

$1,564

Rent

-$97

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,564 income − $1,661 expenses = $97 out of pocket

Income$1,564Out of Pocket$97Mortgage P&I$99564%Property Taxes$19512%Insurance$654%Management$15610%CapEx$785%Vacancy$946%Maintenance$785%

Investment Breakdown

|

Purchase Price

$185k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$38,829

Downpayment

20%

$36,980

Closing costs

1%

$1,849

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,564

Total Expenses

$1,661

Mortgage P&I

64%

$995

Property Taxes

12%

$195

Home Insurance

4%

$65

HOA

0%

$0

Property Management

10%

$156

CapEx

5%

$78

Vacancy

6%

$94

Maintenance

5%

$78

Other

0%

$0

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