REI Lense

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$3,470 (target)

6367 Boulder Dr, Flushing, MI 48433

3 beds • 3 baths • 2684 sqft

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This property looks like a bad Mid-Term investment with a projected -3.64% first-year return on $102k initial cash invested.

-3.64%

Cash On Cash

5.72%

Cap Rate

0.92

DSCR

$3,470

Rent

-$309

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,470 income − $3,779 expenses = $309 out of pocket

Income$3,470Out of Pocket$309Mortgage P&I$2,07760%Property Taxes$37411%Insurance$1404%HOA$8Management$41612%CapEx$1394%Vacancy$1043%Maintenance$1394%Other$38211%

Investment Breakdown

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Purchase Price

$400k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$102k

Downpayment

20%

$79,980

Closing costs

1%

$3,999

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,470

Total Expenses

$3,779

Mortgage P&I

60%

$2,077

Property Taxes

11%

$374

Home Insurance

4%

$140

HOA

0%

$8

Property Management

12%

$416

CapEx

4%

$139

Vacancy

3%

$104

Maintenance

4%

$139

Other

11%

$382

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