REI Lense

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$1,846 (target)

414 S Simon St, Cadillac, MI 49601

3 beds • 2 baths • 1533 sqft

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This property might be a fair Long-Term investment with a projected 1.49% first-year return on $42,000 initial cash invested.

1.49%

Cash On Cash

7.4%

Cap Rate

1.13

DSCR

$1,846

Rent

$52

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,846 income − $1,794 expenses = $52 cash flow

Income$1,846Mortgage P&I$1,08959%Property Taxes$1558%Insurance$704%Management$18510%CapEx$925%Vacancy$1116%Maintenance$925%Cash Flow$52

Investment Breakdown

|

Purchase Price

$200k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$42,000

Downpayment

20%

$40,000

Closing costs

1%

$2,000

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,846

Total Expenses

$1,794

Mortgage P&I

59%

$1,089

Property Taxes

8%

$155

Home Insurance

4%

$70

HOA

0%

$0

Property Management

10%

$185

CapEx

5%

$92

Vacancy

6%

$111

Maintenance

5%

$92

Other

0%

$0

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