REI Lense

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$1,745 (target)

4304 Meadowbrook Dr, Freeland, MI 48623

3 beds • 2 baths • 1656 sqft

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This property looks like a bad Long-Term investment with a projected -8.1% first-year return on $49,182 initial cash invested.

-8.1%

Cash On Cash

5.53%

Cap Rate

0.82

DSCR

$1,745

Rent

-$332

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,745 income − $2,077 expenses = $332 out of pocket

Income$1,745Out of Pocket$332Mortgage P&I$1,32576%Property Taxes$21512%Insurance$845%Management$17410%CapEx$875%Vacancy$1056%Maintenance$875%

Investment Breakdown

|

Purchase Price

$234k

Downpayment

20.0%

Interest Rate

7.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$49,182

Downpayment

20%

$46,840

Closing costs

1%

$2,342

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,745

Total Expenses

$2,077

Mortgage P&I

76%

$1,325

Property Taxes

12%

$215

Home Insurance

5%

$84

HOA

0%

$0

Property Management

10%

$174

CapEx

5%

$87

Vacancy

6%

$105

Maintenance

5%

$87

Other

0%

$0

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