REI Lense

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$1,805 (target)

6781 Gove Ct N, Tecumseh, MI 49286

3 beds • 2 baths • 1144 sqft

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This property looks like a bad Long-Term investment with a projected -7.41% first-year return on $53,277 initial cash invested.

-7.41%

Cash On Cash

5.49%

Cap Rate

0.83

DSCR

$1,805

Rent

-$329

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,805 income − $2,134 expenses = $329 out of pocket

Income$1,805Out of Pocket$329Mortgage P&I$1,40078%Property Taxes$17510%Insurance$915%Management$18010%CapEx$905%Vacancy$1086%Maintenance$905%

Investment Breakdown

|

Purchase Price

$254k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$53,277

Downpayment

20%

$50,740

Closing costs

1%

$2,537

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,805

Total Expenses

$2,134

Mortgage P&I

78%

$1,400

Property Taxes

10%

$175

Home Insurance

5%

$91

HOA

0%

$0

Property Management

10%

$180

CapEx

5%

$90

Vacancy

6%

$108

Maintenance

5%

$90

Other

0%

$0

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