REI Lense

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$2,868 (target)

3884 Two Mile Rd, Bay City, MI 48706

3 beds • 3 baths • 1873 sqft

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This property looks like a bad Mid-Term investment with a projected -2.18% first-year return on $86,355 initial cash invested.

-2.18%

Cash On Cash

6.23%

Cap Rate

0.98

DSCR

$2,868

Rent

-$157

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,868 income − $3,025 expenses = $157 out of pocket

Income$2,868Out of Pocket$157Mortgage P&I$1,73260%Property Taxes$2047%Insurance$1144%Management$34412%CapEx$1154%Vacancy$863%Maintenance$1154%Other$31511%

Investment Breakdown

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Purchase Price

$326k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$86,355

Downpayment

20%

$65,100

Closing costs

1%

$3,255

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,868

Total Expenses

$3,025

Mortgage P&I

60%

$1,732

Property Taxes

7%

$204

Home Insurance

4%

$114

HOA

0%

$0

Property Management

12%

$344

CapEx

4%

$115

Vacancy

3%

$86

Maintenance

4%

$115

Other

11%

$315

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