REI Lense

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$3,246 (target)

509 Church St, Saint Joseph, MI 49085

3 beds • 2 baths • 1672 sqft

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This property looks like a bad Mid-Term investment with a projected -2.19% first-year return on $89,148 initial cash invested.

-2.19%

Cash On Cash

5.99%

Cap Rate

0.98

DSCR

$3,246

Rent

-$163

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,246 income − $3,409 expenses = $163 out of pocket

Income$3,246Out of Pocket$163Mortgage P&I$1,72553%Property Taxes$45814%Insurance$1224%Management$39012%CapEx$1304%Vacancy$973%Maintenance$1304%Other$35711%

Investment Breakdown

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Purchase Price

$339k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$89,148

Downpayment

20%

$67,760

Closing costs

1%

$3,388

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,246

Total Expenses

$3,409

Mortgage P&I

53%

$1,725

Property Taxes

14%

$458

Home Insurance

4%

$122

HOA

0%

$0

Property Management

12%

$390

CapEx

4%

$130

Vacancy

3%

$97

Maintenance

4%

$130

Other

11%

$357

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