REI Lense

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$1,474 (target)

7417 Mackinaw Rd, Bay City, MI 48706

3 beds • 2 baths • 1272 sqft

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This property looks like a bad Long-Term investment with a projected -11.29% first-year return on $51,240 initial cash invested.

-11.29%

Cash On Cash

4.42%

Cap Rate

0.69

DSCR

$1,474

Rent

-$482

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,474 income − $1,956 expenses = $482 out of pocket

Income$1,474Out of Pocket$482Mortgage P&I$1,30789%Property Taxes$17812%Insurance$886%Management$14710%CapEx$745%Vacancy$886%Maintenance$745%

Investment Breakdown

|

Purchase Price

$244k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$51,240

Downpayment

20%

$48,800

Closing costs

1%

$2,440

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,474

Total Expenses

$1,956

Mortgage P&I

89%

$1,307

Property Taxes

12%

$178

Home Insurance

6%

$88

HOA

0%

$0

Property Management

10%

$147

CapEx

5%

$74

Vacancy

6%

$88

Maintenance

5%

$74

Other

0%

$0

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