REI Lense

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$1,688 (target)

611 Niepoth St, Battle Creek, MI 49014

3 beds • 2 baths • 1616 sqft

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This property looks like a bad Long-Term investment with a projected -7% first-year return on $46,767 initial cash invested.

-7%

Cash On Cash

5.43%

Cap Rate

0.84

DSCR

$1,688

Rent

-$273

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,688 income − $1,961 expenses = $273 out of pocket

Income$1,688Out of Pocket$273Mortgage P&I$1,19671%Property Taxes$24715%Insurance$805%Management$16910%CapEx$845%Vacancy$1016%Maintenance$845%

Investment Breakdown

|

Purchase Price

$223k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$46,767

Downpayment

20%

$44,540

Closing costs

1%

$2,227

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,688

Total Expenses

$1,961

Mortgage P&I

71%

$1,196

Property Taxes

15%

$247

Home Insurance

5%

$80

HOA

0%

$0

Property Management

10%

$169

CapEx

5%

$84

Vacancy

6%

$101

Maintenance

5%

$84

Other

0%

$0

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