REI Lense

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$3,360 (target)

6524 Kelly Rd, Flushing, MI 48433

3 beds • 3 baths • 3222 sqft

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This property looks like a bad Mid-Term investment with a projected -0.46% first-year return on $90,450 initial cash invested.

-0.46%

Cash On Cash

6.39%

Cap Rate

1.06

DSCR

$3,360

Rent

-$35

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,360 income − $3,395 expenses = $35 out of pocket

Income$3,360Out of Pocket$35Mortgage P&I$1,73952%Property Taxes$39312%Insurance$1214%Management$40312%CapEx$1344%Vacancy$1013%Maintenance$1344%Other$37011%

Investment Breakdown

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Purchase Price

$345k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$90,450

Downpayment

20%

$69,000

Closing costs

1%

$3,450

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,360

Total Expenses

$3,395

Mortgage P&I

52%

$1,739

Property Taxes

12%

$393

Home Insurance

4%

$121

HOA

0%

$0

Property Management

12%

$403

CapEx

4%

$134

Vacancy

3%

$101

Maintenance

4%

$134

Other

11%

$370

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