REI Lense

REI Lense

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$2,286 (target)

3155 Watkins Rd, Battle Creek, MI 49015

3 beds • 2 baths • 1728 sqft

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This property looks like a bad Long-Term investment with a projected -9.02% first-year return on $71,715 initial cash invested.

-9.02%

Cash On Cash

4.59%

Cap Rate

0.75

DSCR

$2,286

Rent

-$539

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,286 income − $2,825 expenses = $539 out of pocket

Income$2,286Out of Pocket$539Mortgage P&I$1,73176%Property Taxes$37416%Insurance$1266%Management$22910%CapEx$1145%Vacancy$1376%Maintenance$1145%

Investment Breakdown

|

Purchase Price

$342k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$71,715

Downpayment

20%

$68,300

Closing costs

1%

$3,415

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,286

Total Expenses

$2,825

Mortgage P&I

76%

$1,731

Property Taxes

16%

$374

Home Insurance

6%

$126

HOA

0%

$0

Property Management

10%

$229

CapEx

5%

$114

Vacancy

6%

$137

Maintenance

5%

$114

Other

0%

$0

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