REI Lense

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$2,290 (target)

6500 N Seymour Rd, Flushing, MI 48433

3 beds • 2 baths • 1836 sqft

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This property looks like a bad Mid-Term investment with a projected -4.2% first-year return on $79,950 initial cash invested.

-4.2%

Cash On Cash

5.16%

Cap Rate

0.87

DSCR

$2,290

Rent

-$280

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,290 income − $2,570 expenses = $280 out of pocket

Income$2,290Out of Pocket$280Mortgage P&I$1,45664%Property Taxes$23110%Insurance$1034%Management$27512%CapEx$924%Vacancy$693%Maintenance$924%Other$25211%

Investment Breakdown

|

Purchase Price

$295k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$79,950

Downpayment

20%

$59,000

Closing costs

1%

$2,950

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,290

Total Expenses

$2,570

Mortgage P&I

64%

$1,456

Property Taxes

10%

$231

Home Insurance

5%

$103

HOA

0%

$0

Property Management

12%

$275

CapEx

4%

$92

Vacancy

3%

$69

Maintenance

4%

$92

Other

11%

$252

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