REI Lense

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$4,054 (target)

313 N Castell Ave, Rochester, MI 48307

3 beds • 2 baths • 2077 sqft

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This property looks like a bad Mid-Term investment with a projected -7.84% first-year return on $124k initial cash invested.

-7.84%

Cash On Cash

5.11%

Cap Rate

0.77

DSCR

$4,054

Rent

-$812

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,054 income − $4,866 expenses = $812 out of pocket

Income$4,054Out of Pocket$812Mortgage P&I$2,80669%Property Taxes$49312%Insurance$1895%Management$48612%CapEx$1624%Vacancy$1223%Maintenance$1624%Other$44611%

Investment Breakdown

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Purchase Price

$506k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$124k

Downpayment

20%

$101k

Closing costs

1%

$5,064

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$4,054

Total Expenses

$4,866

Mortgage P&I

69%

$2,806

Property Taxes

12%

$493

Home Insurance

5%

$189

HOA

0%

$0

Property Management

12%

$486

CapEx

4%

$162

Vacancy

3%

$122

Maintenance

4%

$162

Other

11%

$446

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