REI Lense

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$2,896 (target)

760 Waterbury Rd, Highland, MI 48356

3 beds • 2 baths • 2074 sqft

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This property looks like a bad Mid-Term investment with a projected -3.11% first-year return on $94,398 initial cash invested.

-3.11%

Cash On Cash

5.54%

Cap Rate

0.93

DSCR

$2,896

Rent

-$245

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,896 income − $3,141 expenses = $245 out of pocket

Income$2,896Out of Pocket$245Mortgage P&I$1,80962%Property Taxes$2167%Insurance$1304%Management$34812%CapEx$1164%Vacancy$873%Maintenance$1164%Other$31911%

Investment Breakdown

|

Purchase Price

$364k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$94,398

Downpayment

20%

$72,760

Closing costs

1%

$3,638

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,896

Total Expenses

$3,141

Mortgage P&I

62%

$1,809

Property Taxes

7%

$216

Home Insurance

4%

$130

HOA

0%

$0

Property Management

12%

$348

CapEx

4%

$116

Vacancy

3%

$87

Maintenance

4%

$116

Other

11%

$319

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