REI Lense

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$3,070 (target)

5689 Lawndale Rd, Saginaw, MI 48604

3 beds • 2 baths • 2232 sqft

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This property looks like a bad Mid-Term investment with a projected -5.12% first-year return on $101k initial cash invested.

-5.12%

Cash On Cash

5%

Cap Rate

0.84

DSCR

$3,070

Rent

-$433

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,070 income − $3,503 expenses = $433 out of pocket

Income$3,070Out of Pocket$433Mortgage P&I$1,96464%Property Taxes$35111%Insurance$1445%Management$36812%CapEx$1234%Vacancy$923%Maintenance$1234%Other$33811%

Investment Breakdown

|

Purchase Price

$397k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$101k

Downpayment

20%

$79,420

Closing costs

1%

$3,971

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,070

Total Expenses

$3,503

Mortgage P&I

64%

$1,964

Property Taxes

11%

$351

Home Insurance

5%

$144

HOA

0%

$0

Property Management

12%

$368

CapEx

4%

$123

Vacancy

3%

$92

Maintenance

4%

$123

Other

11%

$338

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