REI Lense

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$2,679 (target)

531 Franklin St, Freeland, MI 48623

3 beds • 2 baths • 1744 sqft

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This property might be a fair Mid-Term investment with a projected 6.21% first-year return on $63,150 initial cash invested.

6.21%

Cash On Cash

9.04%

Cap Rate

1.37

DSCR

$2,679

Rent

$327

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,679 income − $2,352 expenses = $327 cash flow

Income$2,679Mortgage P&I$1,18644%Property Taxes$1817%Insurance$753%Management$32112%CapEx$1074%Vacancy$803%Maintenance$1074%Other$29511%Cash Flow$327

Investment Breakdown

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Purchase Price

$215k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$63,150

Downpayment

20%

$43,000

Closing costs

1%

$2,150

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,679

Total Expenses

$2,352

Mortgage P&I

44%

$1,186

Property Taxes

7%

$181

Home Insurance

3%

$75

HOA

0%

$0

Property Management

12%

$321

CapEx

4%

$107

Vacancy

3%

$80

Maintenance

4%

$107

Other

11%

$295

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