REI Lense

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$1,487 (target)

316 Tamarac Dr, Davison, MI 48423

3 beds • 2 baths • 1055 sqft

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This property looks like a bad Long-Term investment with a projected -14.77% first-year return on $47,943 initial cash invested.

-14.77%

Cash On Cash

3.73%

Cap Rate

0.58

DSCR

$1,487

Rent

-$590

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,487 income − $2,077 expenses = $590 out of pocket

Income$1,487Out of Pocket$590Mortgage P&I$1,22682%Property Taxes$38526%Insurance$805%Management$14910%CapEx$745%Vacancy$896%Maintenance$745%

Investment Breakdown

|

Purchase Price

$228k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$47,943

Downpayment

20%

$45,660

Closing costs

1%

$2,283

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,487

Total Expenses

$2,077

Mortgage P&I

82%

$1,226

Property Taxes

26%

$385

Home Insurance

5%

$80

HOA

0%

$0

Property Management

10%

$149

CapEx

5%

$74

Vacancy

6%

$89

Maintenance

5%

$74

Other

0%

$0

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