REI Lense

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$4,464 (target)

62734 Morningside Dr, Washington, MI 48094

3 beds • 3 baths • 5886 sqft

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This property looks like a bad Mid-Term investment with a projected -15.64% first-year return on $217k initial cash invested.

-15.64%

Cash On Cash

2.63%

Cap Rate

0.44

DSCR

$4,464

Rent

-$2,828

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$947k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$217k

Downpayment

20%

$189k

Closing costs

1%

$9,474

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$4,464

Total Expenses

$7,292

Mortgage P&I

106%

$4,724

Property Taxes

14%

$629

Home Insurance

8%

$341

HOA

2%

$79

Property Management

12%

$536

CapEx

4%

$179

Vacancy

3%

$134

Maintenance

4%

$179

Other

11%

$491

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