REI Lense

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$2,055 (target)

39375 E Archer Dr, Harrison Township, MI 48045

3 beds • 2 baths • 2100 sqft

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This property looks like a bad Long-Term investment with a projected -17.69% first-year return on $105k initial cash invested.

-17.69%

Cash On Cash

2.54%

Cap Rate

0.42

DSCR

$2,055

Rent

-$1,545

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,055 income − $3,600 expenses = $1,545 out of pocket

Income$2,055Out of Pocket$1,545Mortgage P&I$2,500122%Property Taxes$39019%Insurance$1759%Management$20610%CapEx$1035%Vacancy$1236%Maintenance$1035%

Investment Breakdown

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Purchase Price

$499k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$105k

Downpayment

20%

$99,800

Closing costs

1%

$4,990

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,055

Total Expenses

$3,600

Mortgage P&I

122%

$2,500

Property Taxes

19%

$390

Home Insurance

9%

$175

HOA

0%

$0

Property Management

10%

$206

CapEx

5%

$103

Vacancy

6%

$123

Maintenance

5%

$103

Other

0%

$0

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