REI Lense

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$3,006 (target)

3378 State Street Rd, Bay City, MI 48706

3 beds • 2 baths • 1484 sqft

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This property looks like a bad Mid-Term investment with a projected -0.86% first-year return on $84,129 initial cash invested.

-0.86%

Cash On Cash

6.63%

Cap Rate

1.04

DSCR

$3,006

Rent

-$60

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,006 income − $3,066 expenses = $60 out of pocket

Income$3,006Out of Pocket$60Mortgage P&I$1,67956%Property Taxes$2558%Insurance$1104%Management$36112%CapEx$1204%Vacancy$903%Maintenance$1204%Other$33111%

Investment Breakdown

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Purchase Price

$315k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$84,129

Downpayment

20%

$62,980

Closing costs

1%

$3,149

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,006

Total Expenses

$3,066

Mortgage P&I

56%

$1,679

Property Taxes

8%

$255

Home Insurance

4%

$110

HOA

0%

$0

Property Management

12%

$361

CapEx

4%

$120

Vacancy

3%

$90

Maintenance

4%

$120

Other

11%

$331

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