REI Lense

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$2,664 (target)

6975 Sarah St, Temperance, MI 48182

3 beds • 2 baths • 1543 sqft

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This property might be a fair Long-Term investment with a projected 5.93% first-year return on $59,073 initial cash invested.

5.93%

Cash On Cash

7.75%

Cap Rate

1.31

DSCR

$2,664

Rent

$292

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,664 income − $2,372 expenses = $292 cash flow

Income$2,664Mortgage P&I$1,39152%Property Taxes$1676%Insurance$1225%Management$26610%CapEx$1335%Vacancy$1606%Maintenance$1335%Cash Flow$292

Investment Breakdown

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Purchase Price

$281k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$59,073

Downpayment

20%

$56,260

Closing costs

1%

$2,813

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,664

Total Expenses

$2,372

Mortgage P&I

52%

$1,391

Property Taxes

6%

$167

Home Insurance

5%

$122

HOA

0%

$0

Property Management

10%

$266

CapEx

5%

$133

Vacancy

6%

$160

Maintenance

5%

$133

Other

0%

$0

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