REI Lense

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$1,672 (target)

658 Rivers Terrace Rd, Gladwin, MI 48624

3 beds • 2 baths • 1400 sqft

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This property looks like a bad Long-Term investment with a projected -9.3% first-year return on $54,600 initial cash invested.

-9.3%

Cash On Cash

4.46%

Cap Rate

0.74

DSCR

$1,672

Rent

-$423

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,672 income − $2,095 expenses = $423 out of pocket

Income$1,672Out of Pocket$423Mortgage P&I$1,30578%Property Taxes$26116%Insurance$946%Management$16710%CapEx$845%Vacancy$1006%Maintenance$845%

Investment Breakdown

|

Purchase Price

$260k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$54,600

Downpayment

20%

$52,000

Closing costs

1%

$2,600

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,672

Total Expenses

$2,095

Mortgage P&I

78%

$1,305

Property Taxes

16%

$261

Home Insurance

6%

$94

HOA

0%

$0

Property Management

10%

$167

CapEx

5%

$84

Vacancy

6%

$100

Maintenance

5%

$84

Other

0%

$0

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