REI Lense

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$2,860 (target)

7562 Baseline Rd, Battle Creek, MI 49017

3 beds • 2 baths • 2240 sqft

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This property looks like a bad Mid-Term investment with a projected -5.78% first-year return on $83,268 initial cash invested.

-5.78%

Cash On Cash

5.51%

Cap Rate

0.83

DSCR

$2,860

Rent

-$401

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,860 income − $3,261 expenses = $401 out of pocket

Income$2,860Out of Pocket$401Mortgage P&I$1,71560%Property Taxes$46216%Insurance$1124%Management$34312%CapEx$1144%Vacancy$863%Maintenance$1144%Other$31511%

Investment Breakdown

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Purchase Price

$311k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$83,268

Downpayment

20%

$62,160

Closing costs

1%

$3,108

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,860

Total Expenses

$3,261

Mortgage P&I

60%

$1,715

Property Taxes

16%

$462

Home Insurance

4%

$112

HOA

0%

$0

Property Management

12%

$343

CapEx

4%

$114

Vacancy

3%

$86

Maintenance

4%

$114

Other

11%

$315

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