REI Lense

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$1,922 (target)

717 23rd St, Jackson, MI 49203

3 beds • 2 baths • 1504 sqft

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This property looks like a bad Long-Term investment with a projected -1.35% first-year return on $46,284 initial cash invested.

-1.35%

Cash On Cash

6.69%

Cap Rate

1.04

DSCR

$1,922

Rent

-$52

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,922 income − $1,974 expenses = $52 out of pocket

Income$1,922Out of Pocket$52Mortgage P&I$1,18562%Property Taxes$21111%Insurance$794%Management$19210%CapEx$965%Vacancy$1156%Maintenance$965%

Investment Breakdown

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Purchase Price

$220k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$46,284

Downpayment

20%

$44,080

Closing costs

1%

$2,204

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,922

Total Expenses

$1,974

Mortgage P&I

62%

$1,185

Property Taxes

11%

$211

Home Insurance

4%

$79

HOA

0%

$0

Property Management

10%

$192

CapEx

5%

$96

Vacancy

6%

$115

Maintenance

5%

$96

Other

0%

$0

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