REI Lense

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$2,561 (target)

3987 Michelle Dr, Saint Joseph, MI 49085

3 beds • 2 baths • 1646 sqft

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This property looks like a bad Long-Term investment with a projected -6.27% first-year return on $73,857 initial cash invested.

-6.27%

Cash On Cash

5.35%

Cap Rate

0.86

DSCR

$2,561

Rent

-$386

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,561 income − $2,947 expenses = $386 out of pocket

Income$2,561Out of Pocket$386Mortgage P&I$1,82771%Property Taxes$32713%Insurance$1275%Management$25610%CapEx$1285%Vacancy$1546%Maintenance$1285%

Investment Breakdown

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Purchase Price

$352k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$73,857

Downpayment

20%

$70,340

Closing costs

1%

$3,517

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,561

Total Expenses

$2,947

Mortgage P&I

71%

$1,827

Property Taxes

13%

$327

Home Insurance

5%

$127

HOA

0%

$0

Property Management

10%

$256

CapEx

5%

$128

Vacancy

6%

$154

Maintenance

5%

$128

Other

0%

$0

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