REI Lense

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$1,836 (target)

554 S Bamber Rd, Mount Pleasant, MI 48858

3 beds • 2 baths • 2313 sqft

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This property looks like a bad Long-Term investment with a projected -7.84% first-year return on $58,779 initial cash invested.

-7.84%

Cash On Cash

4.87%

Cap Rate

0.8

DSCR

$1,836

Rent

-$384

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,836 income − $2,220 expenses = $384 out of pocket

Income$1,836Out of Pocket$384Mortgage P&I$1,42878%Property Taxes$21612%Insurance$985%Management$18410%CapEx$925%Vacancy$1106%Maintenance$925%

Investment Breakdown

|

Purchase Price

$280k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$58,779

Downpayment

20%

$55,980

Closing costs

1%

$2,799

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,836

Total Expenses

$2,220

Mortgage P&I

78%

$1,428

Property Taxes

12%

$216

Home Insurance

5%

$98

HOA

0%

$0

Property Management

10%

$184

CapEx

5%

$92

Vacancy

6%

$110

Maintenance

5%

$92

Other

0%

$0

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