REI Lense

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$1,497 (target)

413 Waller St, Saginaw, MI 48602

3 beds • 2 baths • 1748 sqft

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This property could be a profitable Long-Term investment with a projected 15.87% first-year return on $21,630 initial cash invested.

15.87%

Cash On Cash

10.67%

Cap Rate

1.65

DSCR

$1,497

Rent

$286

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,497 income − $1,211 expenses = $286 cash flow

Income$1,497Mortgage P&I$55537%Property Taxes$22615%Insurance$403%Management$15010%CapEx$755%Vacancy$906%Maintenance$755%Cash Flow$286

Investment Breakdown

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Purchase Price

$103k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$21,630

Downpayment

20%

$20,600

Closing costs

1%

$1,030

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,497

Total Expenses

$1,211

Mortgage P&I

37%

$555

Property Taxes

15%

$226

Home Insurance

3%

$40

HOA

0%

$0

Property Management

10%

$150

CapEx

5%

$75

Vacancy

6%

$90

Maintenance

5%

$75

Other

0%

$0

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