REI Lense

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$1,667 (target)

51104 Silver St, Three Rivers, MI 49093

3 beds • 2 baths • 1456 sqft

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This property looks like a bad Long-Term investment with a projected -11.74% first-year return on $60,186 initial cash invested.

-11.74%

Cash On Cash

3.87%

Cap Rate

0.65

DSCR

$1,667

Rent

-$589

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,667 income − $2,256 expenses = $589 out of pocket

Income$1,667Out of Pocket$589Mortgage P&I$1,43086%Property Taxes$29918%Insurance$946%Management$16710%CapEx$835%Vacancy$1006%Maintenance$835%

Investment Breakdown

|

Purchase Price

$287k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$60,186

Downpayment

20%

$57,320

Closing costs

1%

$2,866

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,667

Total Expenses

$2,256

Mortgage P&I

86%

$1,430

Property Taxes

18%

$299

Home Insurance

6%

$94

HOA

0%

$0

Property Management

10%

$167

CapEx

5%

$83

Vacancy

6%

$100

Maintenance

5%

$83

Other

0%

$0

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