REI Lense

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$2,206 (target)

517 W Colfax St, Hastings, MI 49058

3 beds • 2 baths • 1942 sqft

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This property looks like a bad Mid-Term investment with a projected -5.53% first-year return on $76,590 initial cash invested.

-5.53%

Cash On Cash

4.89%

Cap Rate

0.81

DSCR

$2,206

Rent

-$353

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,206 income − $2,559 expenses = $353 out of pocket

Income$2,206Out of Pocket$353Mortgage P&I$1,40264%Property Taxes$30914%Insurance$984%Management$26512%CapEx$884%Vacancy$663%Maintenance$884%Other$24311%

Investment Breakdown

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Purchase Price

$279k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$76,590

Downpayment

20%

$55,800

Closing costs

1%

$2,790

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,206

Total Expenses

$2,559

Mortgage P&I

64%

$1,402

Property Taxes

14%

$309

Home Insurance

4%

$98

HOA

0%

$0

Property Management

12%

$265

CapEx

4%

$88

Vacancy

3%

$66

Maintenance

4%

$88

Other

11%

$243

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