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$2,221 (target)

5581 Edgelawn Dr SE, Kentwood, MI 49508

3 beds • 3 baths • 2280 sqft

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This property looks like a bad Long-Term investment with a projected -16.3% first-year return on $81,732 initial cash invested.

-16.3%

Cash On Cash

3.31%

Cap Rate

0.52

DSCR

$2,221

Rent

-$1,110

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,221 income − $3,331 expenses = $1,110 out of pocket

Income$2,221Out of Pocket$1,110Mortgage P&I$2,07193%Property Taxes$54324%Insurance$1406%Management$22210%CapEx$1115%Vacancy$1336%Maintenance$1115%

Investment Breakdown

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Purchase Price

$389k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$81,732

Downpayment

20%

$77,840

Closing costs

1%

$3,892

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,221

Total Expenses

$3,331

Mortgage P&I

93%

$2,071

Property Taxes

24%

$543

Home Insurance

6%

$140

HOA

0%

$0

Property Management

10%

$222

CapEx

5%

$111

Vacancy

6%

$133

Maintenance

5%

$111

Other

0%

$0

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