REI Lense

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$1,777 (target)

6523 Henry Ruff Rd, Garden City, MI 48135

3 beds • 2 baths • 1826 sqft

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This property looks like a bad Long-Term investment with a projected -10.15% first-year return on $54,852 initial cash invested.

-10.15%

Cash On Cash

4.39%

Cap Rate

0.72

DSCR

$1,777

Rent

-$464

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,777 income − $2,241 expenses = $464 out of pocket

Income$1,777Out of Pocket$464Mortgage P&I$1,33075%Property Taxes$35520%Insurance$935%Management$17810%CapEx$895%Vacancy$1076%Maintenance$895%

Investment Breakdown

|

Purchase Price

$261k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$54,852

Downpayment

20%

$52,240

Closing costs

1%

$2,612

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,777

Total Expenses

$2,241

Mortgage P&I

75%

$1,330

Property Taxes

20%

$355

Home Insurance

5%

$93

HOA

0%

$0

Property Management

10%

$178

CapEx

5%

$89

Vacancy

6%

$107

Maintenance

5%

$89

Other

0%

$0

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