REI Lense

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$3,602 (target)

4960 Sierra Dr, Howell, MI 48843

3 beds • 3 baths • 2343 sqft

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This property looks like a bad Mid-Term investment with a projected -2.87% first-year return on $104k initial cash invested.

-2.87%

Cash On Cash

6.01%

Cap Rate

0.95

DSCR

$3,602

Rent

-$248

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,602 income − $3,850 expenses = $248 out of pocket

Income$3,602Out of Pocket$248Mortgage P&I$2,15360%Property Taxes$3289%Insurance$1454%Management$43212%CapEx$1444%Vacancy$1083%Maintenance$1444%Other$39611%

Investment Breakdown

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Purchase Price

$409k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$104k

Downpayment

20%

$81,780

Closing costs

1%

$4,089

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,602

Total Expenses

$3,850

Mortgage P&I

60%

$2,153

Property Taxes

9%

$328

Home Insurance

4%

$145

HOA

0%

$0

Property Management

12%

$432

CapEx

4%

$144

Vacancy

3%

$108

Maintenance

4%

$144

Other

11%

$396

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