REI Lense

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$4,248 (target)

3667 Ten Mile Rd NE, Rockford, MI 49341

3 beds • 3 baths • 2977 sqft

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This property looks like a bad Mid-Term investment with a projected -16.02% first-year return on $190k initial cash invested.

-16.02%

Cash On Cash

2.98%

Cap Rate

0.46

DSCR

$4,248

Rent

-$2,537

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,248 income − $6,785 expenses = $2,537 out of pocket

Income$4,248Out of Pocket$2,537Mortgage P&I$4,400104%Property Taxes$63815%Insurance$3037%Management$51012%CapEx$1704%Vacancy$1273%Maintenance$1704%Other$46711%

Investment Breakdown

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Purchase Price

$819k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$190k

Downpayment

20%

$164k

Closing costs

1%

$8,193

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$4,248

Total Expenses

$6,785

Mortgage P&I

104%

$4,400

Property Taxes

15%

$638

Home Insurance

7%

$303

HOA

0%

$0

Property Management

12%

$510

CapEx

4%

$170

Vacancy

3%

$127

Maintenance

4%

$170

Other

11%

$467

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