REI Lense

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$3,426 (target)

409 1st St, Rochester, MI 48307

3 beds • 2 baths • 2088 sqft

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This property looks like a bad Mid-Term investment with a projected -9.66% first-year return on $118k initial cash invested.

-9.66%

Cash On Cash

4.46%

Cap Rate

0.69

DSCR

$3,426

Rent

-$952

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,426 income − $4,378 expenses = $952 out of pocket

Income$3,426Out of Pocket$952Mortgage P&I$2,59176%Property Taxes$49114%Insurance$1314%Management$41112%CapEx$1374%Vacancy$1033%Maintenance$1374%Other$37711%

Investment Breakdown

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Purchase Price

$478k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$118k

Downpayment

20%

$95,520

Closing costs

1%

$4,776

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,426

Total Expenses

$4,378

Mortgage P&I

76%

$2,591

Property Taxes

14%

$491

Home Insurance

4%

$131

HOA

0%

$0

Property Management

12%

$411

CapEx

4%

$137

Vacancy

3%

$103

Maintenance

4%

$137

Other

11%

$377

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