REI Lense

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$1,534 (target)

7530 N Richards Rd, Lake City, MI 49651

3 beds • 2 baths • 1894 sqft

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This property looks like a bad Long-Term investment with a projected -13.05% first-year return on $64,071 initial cash invested.

-13.05%

Cash On Cash

3.8%

Cap Rate

0.61

DSCR

$1,534

Rent

-$697

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,534 income − $2,231 expenses = $697 out of pocket

Income$1,534Out of Pocket$697Mortgage P&I$1,585103%Property Taxes$1379%Insurance$1107%Management$15310%CapEx$775%Vacancy$926%Maintenance$775%

Investment Breakdown

|

Purchase Price

$305k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$64,071

Downpayment

20%

$61,020

Closing costs

1%

$3,051

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,534

Total Expenses

$2,231

Mortgage P&I

103%

$1,585

Property Taxes

9%

$137

Home Insurance

7%

$110

HOA

0%

$0

Property Management

10%

$153

CapEx

5%

$77

Vacancy

6%

$92

Maintenance

5%

$77

Other

0%

$0

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