REI Lense

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$2,062 (target)

418 Elm St, Three Rivers, MI 49093

3 beds • 2 baths • 1848 sqft

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This property might be a fair Long-Term investment with a projected 4.88% first-year return on $42,252 initial cash invested.

4.88%

Cash On Cash

8.27%

Cap Rate

1.25

DSCR

$2,062

Rent

$172

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,062 income − $1,890 expenses = $172 cash flow

Income$2,062Mortgage P&I$1,11254%Property Taxes$1708%Insurance$723%Management$20610%CapEx$1035%Vacancy$1246%Maintenance$1035%Cash Flow$172

Investment Breakdown

|

Purchase Price

$201k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$42,252

Downpayment

20%

$40,240

Closing costs

1%

$2,012

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,062

Total Expenses

$1,890

Mortgage P&I

54%

$1,112

Property Taxes

8%

$170

Home Insurance

3%

$72

HOA

0%

$0

Property Management

10%

$206

CapEx

5%

$103

Vacancy

6%

$124

Maintenance

5%

$103

Other

0%

$0

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