REI Lense

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$2,116 (target)

58253 Cathey St, Washington, MI 48094

3 beds • 2 baths • 2346 sqft

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This property looks like a bad Long-Term investment with a projected -7.64% first-year return on $73,500 initial cash invested.

-7.64%

Cash On Cash

4.72%

Cap Rate

0.79

DSCR

$2,116

Rent

-$468

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,116 income − $2,584 expenses = $468 out of pocket

Income$2,116Out of Pocket$468Mortgage P&I$1,74082%Property Taxes$1718%Insurance$1226%Management$21210%CapEx$1065%Vacancy$1276%Maintenance$1065%

Investment Breakdown

|

Purchase Price

$350k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$73,500

Downpayment

20%

$70,000

Closing costs

1%

$3,500

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,116

Total Expenses

$2,584

Mortgage P&I

82%

$1,740

Property Taxes

8%

$171

Home Insurance

6%

$122

HOA

0%

$0

Property Management

10%

$212

CapEx

5%

$106

Vacancy

6%

$127

Maintenance

5%

$106

Other

0%

$0

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