REI Lense

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$1,786 (target)

531 Franklin St, Freeland, MI 48623

3 beds • 2 baths • 1744 sqft

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This property looks like a bad Long-Term investment with a projected -3.19% first-year return on $45,150 initial cash invested.

-3.19%

Cash On Cash

6.45%

Cap Rate

0.97

DSCR

$1,786

Rent

-$120

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,786 income − $1,906 expenses = $120 out of pocket

Income$1,786Out of Pocket$120Mortgage P&I$1,18666%Property Taxes$18110%Insurance$754%Management$17910%CapEx$895%Vacancy$1076%Maintenance$895%

Investment Breakdown

|

Purchase Price

$215k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$45,150

Downpayment

20%

$43,000

Closing costs

1%

$2,150

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,786

Total Expenses

$1,906

Mortgage P&I

66%

$1,186

Property Taxes

10%

$181

Home Insurance

4%

$75

HOA

0%

$0

Property Management

10%

$179

CapEx

5%

$89

Vacancy

6%

$107

Maintenance

5%

$89

Other

0%

$0

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