REI Lense

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$2,664 (target)

3668 Laberdee Rd, Adrian, MI 49221

3 beds • 2 baths • 1300 sqft

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This property might be a fair Mid-Term investment with a projected 1.57% first-year return on $73,545 initial cash invested.

1.57%

Cash On Cash

7.15%

Cap Rate

1.15

DSCR

$2,664

Rent

$96

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,664 income − $2,568 expenses = $96 cash flow

Income$2,664Mortgage P&I$1,37452%Property Taxes$1937%Insurance$944%Management$32012%CapEx$1074%Vacancy$803%Maintenance$1074%Other$29311%Cash Flow$96

Investment Breakdown

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Purchase Price

$265k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$73,545

Downpayment

20%

$52,900

Closing costs

1%

$2,645

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,664

Total Expenses

$2,568

Mortgage P&I

52%

$1,374

Property Taxes

7%

$193

Home Insurance

4%

$94

HOA

0%

$0

Property Management

12%

$320

CapEx

4%

$107

Vacancy

3%

$80

Maintenance

4%

$107

Other

11%

$293

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