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$2,829 (target)

6635 Picketts Way, Lansing, MI 48917

3 beds • 2 baths • 2750 sqft

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This property looks like a bad Mid-Term investment with a projected -1.35% first-year return on $85,179 initial cash invested.

-1.35%

Cash On Cash

6.14%

Cap Rate

1.01

DSCR

$2,829

Rent

-$96

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,829 income − $2,925 expenses = $96 out of pocket

Income$2,829Out of Pocket$96Mortgage P&I$1,62157%Property Taxes$2318%Insurance$1124%Management$33912%CapEx$1134%Vacancy$853%Maintenance$1134%Other$31111%

Investment Breakdown

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Purchase Price

$320k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$85,179

Downpayment

20%

$63,980

Closing costs

1%

$3,199

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,829

Total Expenses

$2,925

Mortgage P&I

57%

$1,621

Property Taxes

8%

$231

Home Insurance

4%

$112

HOA

0%

$0

Property Management

12%

$339

CapEx

4%

$113

Vacancy

3%

$85

Maintenance

4%

$113

Other

11%

$311

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