REI Lense

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$4,491 (target)

6160 Myers Lake Ave NE, Rockford, MI 49341

3 beds • 2 baths • 1911 sqft

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This property looks like a bad Mid-Term investment with a projected -10.03% first-year return on $163k initial cash invested.

-10.03%

Cash On Cash

4.05%

Cap Rate

0.66

DSCR

$4,491

Rent

-$1,362

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,491 income − $5,853 expenses = $1,362 out of pocket

Income$4,491Out of Pocket$1,362Mortgage P&I$3,50878%Property Taxes$57513%Insurance$2425%Management$53912%CapEx$1804%Vacancy$1353%Maintenance$1804%Other$49411%

Investment Breakdown

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Purchase Price

$690k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$163k

Downpayment

20%

$138k

Closing costs

1%

$6,899

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$4,491

Total Expenses

$5,853

Mortgage P&I

78%

$3,508

Property Taxes

13%

$575

Home Insurance

5%

$242

HOA

0%

$0

Property Management

12%

$539

CapEx

4%

$180

Vacancy

3%

$135

Maintenance

4%

$180

Other

11%

$494

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