REI Lense

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$3,230 (target)

6098 Hedgerow Cir, Grand Blanc, MI 48439

3 beds • 2 baths • 1308 sqft

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This property looks like a bad Mid-Term investment with a projected -1.74% first-year return on $87,090 initial cash invested.

-1.74%

Cash On Cash

6.13%

Cap Rate

1

DSCR

$3,230

Rent

-$126

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,230 income − $3,356 expenses = $126 out of pocket

Income$3,230Out of Pocket$126Mortgage P&I$1,67952%Property Taxes$46414%Insurance$1154%Management$38812%CapEx$1294%Vacancy$973%Maintenance$1294%Other$35511%

Investment Breakdown

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Purchase Price

$329k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$87,090

Downpayment

20%

$65,800

Closing costs

1%

$3,290

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,230

Total Expenses

$3,356

Mortgage P&I

52%

$1,679

Property Taxes

14%

$464

Home Insurance

4%

$115

HOA

0%

$0

Property Management

12%

$388

CapEx

4%

$129

Vacancy

3%

$97

Maintenance

4%

$129

Other

11%

$355

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