REI Lense

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$2,832 (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 Long-Term investment with a projected -22.64% first-year return on $172k initial cash invested.

-22.64%

Cash On Cash

1.9%

Cap Rate

0.29

DSCR

$2,832

Rent

-$3,246

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,832 income − $6,078 expenses = $3,246 out of pocket

Income$2,832Out of Pocket$3,246Mortgage P&I$4,400155%Property Taxes$63823%Insurance$30311%Management$28310%CapEx$1425%Vacancy$1706%Maintenance$1425%

Investment Breakdown

|

Purchase Price

$819k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$172k

Downpayment

20%

$164k

Closing costs

1%

$8,193

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,832

Total Expenses

$6,078

Mortgage P&I

155%

$4,400

Property Taxes

23%

$638

Home Insurance

11%

$303

HOA

0%

$0

Property Management

10%

$283

CapEx

5%

$142

Vacancy

6%

$170

Maintenance

5%

$142

Other

0%

$0

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