REI Lense

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$2,534 (target)

38055 Winkler St, Harrison Township, MI 48045

3 beds • 2 baths • 1356 sqft

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This property looks like a bad Mid-Term investment with a projected -2.43% first-year return on $77,661 initial cash invested.

-2.43%

Cash On Cash

5.73%

Cap Rate

0.96

DSCR

$2,534

Rent

-$157

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,534 income − $2,691 expenses = $157 out of pocket

Income$2,534Out of Pocket$157Mortgage P&I$1,41356%Property Taxes$31612%Insurance$1014%Management$30412%CapEx$1014%Vacancy$763%Maintenance$1014%Other$27911%

Investment Breakdown

|

Purchase Price

$284k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$77,661

Downpayment

20%

$56,820

Closing costs

1%

$2,841

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,534

Total Expenses

$2,691

Mortgage P&I

56%

$1,413

Property Taxes

12%

$316

Home Insurance

4%

$101

HOA

0%

$0

Property Management

12%

$304

CapEx

4%

$101

Vacancy

3%

$76

Maintenance

4%

$101

Other

11%

$279

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