REI Lense

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$2,476 (target)

6434 W Farrand Rd, Clio, MI 48420

3 beds • 3 baths • 2505 sqft

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This property looks like a bad Long-Term investment with a projected -1.42% first-year return on $70,056 initial cash invested.

-1.42%

Cash On Cash

6.54%

Cap Rate

1.02

DSCR

$2,476

Rent

-$83

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,476 income − $2,559 expenses = $83 out of pocket

Income$2,476Out of Pocket$83Mortgage P&I$1,77772%Property Taxes$181%Insurance$1195%Management$24810%CapEx$1245%Vacancy$1496%Maintenance$1245%

Investment Breakdown

|

Purchase Price

$334k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$70,056

Downpayment

20%

$66,720

Closing costs

1%

$3,336

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,476

Total Expenses

$2,559

Mortgage P&I

72%

$1,777

Property Taxes

1%

$18

Home Insurance

5%

$119

HOA

0%

$0

Property Management

10%

$248

CapEx

5%

$124

Vacancy

6%

$149

Maintenance

5%

$124

Other

0%

$0

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