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$1,922 (target)

5910 Orchard Ct, Lansing, MI 48911

3 beds • 2 baths • 1007 sqft

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This property looks like a bad Mid-Term investment with a projected -4.12% first-year return on $64,704 initial cash invested.

-4.12%

Cash On Cash

5.68%

Cap Rate

0.88

DSCR

$1,922

Rent

-$222

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,922 income − $2,144 expenses = $222 out of pocket

Income$1,922Out of Pocket$222Mortgage P&I$1,19762%Property Taxes$21311%Insurance$804%Management$23112%CapEx$774%Vacancy$583%Maintenance$774%Other$21111%

Investment Breakdown

|

Purchase Price

$222k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$64,704

Downpayment

20%

$44,480

Closing costs

1%

$2,224

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$1,922

Total Expenses

$2,144

Mortgage P&I

62%

$1,197

Property Taxes

11%

$213

Home Insurance

4%

$80

HOA

0%

$0

Property Management

12%

$231

CapEx

4%

$77

Vacancy

3%

$58

Maintenance

4%

$77

Other

11%

$211

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