REI Lense

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$2,372 (target)

475 Northland Ct NE, Rockford, MI 49341

3 beds • 2 baths • 1938 sqft

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This property looks like a bad Long-Term investment with a projected -9.32% first-year return on $71,463 initial cash invested.

-9.32%

Cash On Cash

4.55%

Cap Rate

0.75

DSCR

$2,372

Rent

-$555

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,372 income − $2,927 expenses = $555 out of pocket

Income$2,372Out of Pocket$555Mortgage P&I$1,72573%Property Taxes$46420%Insurance$1215%Management$23710%CapEx$1195%Vacancy$1426%Maintenance$1195%

Investment Breakdown

|

Purchase Price

$340k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$71,463

Downpayment

20%

$68,060

Closing costs

1%

$3,403

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,372

Total Expenses

$2,927

Mortgage P&I

73%

$1,725

Property Taxes

20%

$464

Home Insurance

5%

$121

HOA

0%

$0

Property Management

10%

$237

CapEx

5%

$119

Vacancy

6%

$142

Maintenance

5%

$119

Other

0%

$0

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